| Date: |
22-01-2014 |
| Subject: |
Indian rupee opens flat at 61.90 per dollar |
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Indian rupee opened flat at 61.90 against US dollar on Wednesday versus previous day's closing value of 61.89 per dollar.
NS Venkatesh of IDBI Bank expects the rupee to open mildly weak because of demand from oil companies. In addition, most Asian currencies are trading weak against the dollar, which will also be an overhang, he adds.
According to him, the rupee is expected to open at 61.94/dollar levels and trade in the range of 61.75-62/dollar.
Meanwhile, the yen is on the back foot early this morning with investors unwilling to take aggressive bets ahead of the outcome of the Bank of Japan policy meeting.
Source : moneycontrol.com
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