| Date: |
04-07-2014 |
| Subject: |
Indian rupee opens flat at 59.69 per dollar |
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The Indian rupee opened flat at 59.69 per dollar versus 59.73 Thursday.
The dollar is at one-week high, having shown competitors a clean pair of heels after surprisingly strong US jobs growth added to hopes the economy is pulling out of a first quarter slump.
Pramit Brahmbhatt of Veracity said that, “Taking a cue from global equities, we can expect Indian equities to trade strong and post new all time highs during the day.”
“Rupee is also expected to appreciate today backed by strong equities. Range for the day is seen between 59.20-60.30/dollar,” he added.
Source : moneycontrol.com
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