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Home » News » Markets » Rupee

Jul 21, 2014, 10.44 AM | 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.

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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.

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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.

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Indian rupee opens flat at 60.29 per dollar

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