| Date: |
12-09-2014 |
| Subject: |
Indian rupee opens flat at 60.97 per dollar |
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The Indian rupee opened flat at 60.97 per dollar against the previous day close of 60.92.
The dollar hovered below a 14-month peak against a basket of major currencies as the sell-off in sterling and the euro tapered off, but commodity currencies remained under pressure.
Pramit Brahmbhatt of Veracity said, "Expect investors to trade cautiously and track the market closely at higher levels. Rupee is expected to trade rangebound to slightly weak tracking the local equity movement. See a range of 60.50-61.50/dollar."
Source : moneycontrol.com
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