| Date: |
17-10-2014 |
| Subject: |
Indian rupee opens higher at 61.68/dollar, up 15 paise |
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The Indian rupee has opened higher by 15 paise at 61.68 a dollar on Friday compared to previous day's closing value of 61.83 a dollar.
Pramit Brahmbhatt, Veracity feesl local equity market is likely to trade sideways and will take cues from global markets for further directions. He expects the rupee to trade firm after yesterday's fall although the strength in the dollar will keep the currency under pressure.
According to him, the rupee is expected to trade in the range of Rs 61.40-62.40/USD.
The dollar recovered given the relative strength of the US economy and the Federal Reserve's commitment to tighten monetary policy.
Source : moneycontrol.com
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