| Date: |
20-11-2013 |
| Subject: |
Indian rupee opens higher at 62.24 per dollar |
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The Indian rupee continues its upward momentum as its gained 12 paise in the early trade at 62.24 per dollar against 62.36 Tuesday.
Pressure on the yen shows no signs of letting up with the euro near a four-year peak and the dollar holding onto overnight gains even after more dovish comments.
Also Read - Rupee to strengthen more, see resistance at 61.8/$: Axis Bk
Pramit Brahmbhatt, Alpari India said, "Rupee should trade strong today aided by strong equities; strong euro and good dollar inflow into the market. However there is considerable dollar demand from OMCs and other importers which is keeping a check on rupee's rise. The range for the day is seen between 61.90-63.10/USD."
Source : moneycontrol.com
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