SENSEX NIFTY
Jul 21, 2014, 09.05 AM IST | Source: Moneycontrol.com

Indian rupee opens flat at 60.29 per dollar

Rupee is expected to trade between 60.20-60.45/dollar as market participants keep an eye on headlines from Ukraine and the Middle East, says Agam Gupta of Standard Chartered.

The Indian rupee opened flat at 60.29 per dollar versus 60.28 Friday.

The dollar holds steady as some calm returned to markets following an initial bout of risk aversion stemming from a flare up in geopolitical tensions.

Agam Gupta of Standard Chartered said, "Rupee is expected to trade between 60.20-60.45/dollar as market participants keep an eye on headlines from Ukraine and the Middle East."

"Expect oil demand to emerge on downticks and exporters will continue to sell on upticks," he added.

READ MORE ON  Indian Rupee, rupee, dollar

ADS BY GOOGLE

video of the day

Retail buyers, MFs are back; midcaps hold promise: Ambit

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.