| Date: |
07-04-2015 |
| Subject: |
Indian rupee opens marginally lower at 62.22 per dollar |
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The Indian rupee opened marginally lower at 62.22 per dollar on Tuesday versus 62.18 Monday.
Ashutosh Raina of HDFC Bank said, "Reserve Bank of India (RBI) is widely expected to keep policy rates on hold in its credit policy today. A small cut though cannot be ruled out."
He further added, "The rupee continues to trade in 61-62/dollar range, with strong intervention capping any gains. This trend is expected to continue."
The dollar firmed in trade having recovered almost all of its losses as the euro came under renewed pressure.
Source : moneycontrol.com
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