| Date: |
12-11-2014 |
| Subject: |
Indian rupee opens flat at 61.52 per dollar |
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The Indian rupee opened flat on Wednesday at 61.52 per dollar versus 61.55 Tuesday.
The yen hovers around seven-year lows against the dollar early on reports that Prime Minister Shinzo Abe will call a general election in December.
NS Venkatesh of IDBI Bank said, "Both rupee & bond markets will closely watch the macro economic data release lined up later today. Rupee markets will also take cues from equity markets."
"Softening of inflation will be positive for currency and the rupee is expected to marginally strengthen against the dollar on the back of trade flows as well as capital flows. We expect a narrow USD-INR range of Rs 61.45-61.60/dollar," he added.
Source : moneycontrol.com
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