| Date: |
04-09-2014 |
| Subject: |
Indian rupee opens flat at 60.46 per dollar |
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The Indian rupee opened flat at 60.46 per dollar versus 60.48 Wednesday.
The euro holds on to modest gains against the dollar, having pulled up from one-year lows as investors booked some profits ahead of the European Central Bank policy review. The dollar index comes off a 14-month peak.
Mohan Shenoi of Kotak Mahindra Bank said, "The currency markets are expected to be rangebound ahead of the BoE and ECB rate setting meetings today evening and US payroll data tomorrow.”
“Markets are also keenly watching geopolitical developments. Rupee is expected to trade in a range of 60.35-60.65/dollar today," he added.
Source : moneycontrol.com
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