| Date: |
26-08-2014 |
| Subject: |
Indian rupee opens flat at 60.52 per dollar |
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The Indian rupee opened flat at 60.52 per dollar on Tuesday as against previous day's closing value of 60.56 a dollar.
Ashutosh Raina of HDFC Bank said, “The risk-on sentiment remains buoyant despite fluid geopolitical scenario. The increased FII flows into Indian equity and bond markets have resulted in rupee gaining and touching 60.50/dollar after recent losses. We expect the rupee to trade in the 60-61/dollar range.”
The euro stayed on the back foot, having extended its decline. Meanwhile, weakness in the euro helped the dollar index, which remained close to its September 2013 peak of 82.671.
Source : moneycontrol.com
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