| Date: |
14-11-2014 |
| Subject: |
Indian rupee opens lower at 61.62 per dollar |
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The Indian rupee opened marginally lower at 61.62 per dollar on Friday versus 61.55 Thursday.
Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan's leader would call an election and delay a sales tax hike.
Pramit Brahmbhatt of Veracity said, "We expect Indian equities to open in the green and touch a new high. Rupee too, is expected to appreciate backed by the strength in local equities. We see range for the rupee between Rs 61.20-61.80/dollar."
Source : moneycontrol.com
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