| Date: |
11-05-2015 |
| Subject: |
Indian rupee opens higher at 63.85 per dollar |
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The Indian rupee opened with marginal gain of 9 paise at 63.85 per dollar on Monday versus 63.94 Friday.
The dollar edges higher against the euro. The euro dips below 1.12 to the dollar. The dollar index is currently at 94.80.
Agam Gupta of Standard Chartered said, "We expect the USD-INR pair to trade in the range of Rs 63.65-64.05/dollar for the day as exporters will be looking to sell dollars on upticks to Rs 64/USD and the normal daily demand for dollar should kick in around Rs 63.60-63.65/dollar."
Source : moneycontrol.com
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