| Date: |
12-06-2014 |
| Subject: |
Indian rupee opens flat at 59.29 per dollar |
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The Indian rupee has opened flat at 59.29 per dollar on Thursday as against previous day's closing value of 59.27 a dollar.
Mohan Shenoi of Kotak Mahindra Bank says the rupee is trading in a narrow range as FII flows are neutralised by oil and gold related demand for dollars and sterilisation by RBI to prevent appreciation of rupee.
"USD-INR is expected to trade today in a range of 59.15-59.35/dollar," he adds.
The euro hovers near a four-month low versus the dollar, under pressure due to a widening yield gap between euro zone bonds and their major peers.
Source : moneycontrol.com
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