| Date: |
12-08-2014 |
| Subject: |
Indian rupee opens flat at 61.17 per dollar |
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The Indian rupee was unchanged at 61.17 per dollar in opening trade on Tuesday compared to previous day's closing value.
The dollar started trade in Asia, holding flat after a listless session overnight void of any meaningful economic data or market-moving events.
Ashutosh Raina of HDFC Bank said, “The geo political tensions appear to be waning resulting in some relief to the markets. But the risk-off sentiment still continues and strength of dollar against all the major and Emerging Market currencies continues. “The dollar strength has resulted in the rupee breaching the 61/dollar figure."
He expects a range of 60.50-61.50/dollar for the day.
Source : moneycontrol.com
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