| Date: |
30-03-2015 |
| Subject: |
Indian rupee opens lower at 62.56 per dollar |
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The Indian rupee opened lower by 15 paise at 62.56 per dollar on Monday against Friday's closing value of 62.41 a dollar.
The dollar holds steady after the head of the US Central Bank assured investors that the path back to 'normal' interest rates will only occur at a gradual pace.
Agam Gupta of Standard Chartered said, "Expect year-end dollar inflows to continue in this shortened week."
He further added, "Exporters will continue to sell on upticks to levels of 62.65-62.70 and local government banks will mop up dollars on any downticks to 62.35-62.40/dollar. Expect it to be a rangebound day with good two way interest."
Source : moneycontrol.com
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