| Date: |
31-03-2015 |
| Subject: |
Indian rupee opens higher at 62.61 per dollar |
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The Indian rupee has opened marginally higher at 62.61 per dollar on Tuesday against previous day's close of 62.67 a dollar.
The dollar was firmer against most of its peers early, having posted its biggest one-day rally in over a month against the yen.
Ashutosh Raina of HDFC Bank said, "The positive global equities and some stimulus measures from China have helped some risk appetite to return. But worries on the Greece front are still keeping the market cautious.”
He further added, “The USD-INR pair has been trading in the 62-63 range. We expect the pair to continue trading in this range with intervention expected to cap the gains.”
Source : moneycontrol.com
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