| Date: |
09-05-2014 |
| Subject: |
Indian rupee opens flat at 60.06 per dollar |
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The Indian rupee opened flat at 60.06 per dollar versus 60.06 Thursday.
The euro rose against the dollar trading not far from recent two-month highs and buoyed by a rise in overnight money market rates driven by dwindling excess cash in the euro zone. The currency has gained over 4 percent in the past six months.
Pramit Brahmbhatt of Veracity India said that, "Rupee is expected to trade weak today as overnight US equities traded weak. Uncertainty over election outcome and dollar demand from oil importers will help dollar trade strong. The range for the day is seen between 59.70-60.50/dollar."
Source : moneycontrol.com
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