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    HomeNewsBusinessMarketsIndian rupee opens at 61.14 per dollar

    Indian rupee opens at 61.14 per dollar

    Agam Gupta, Standard Chartered expects the rupee to trade in the range of 60.75-61.35/USD.

    October 14, 2013 / 13:14 IST

    The Indian rupee opened down marginally at 61.14 per dollar as compared to Friday's close of 61.07.


    Agam Gupta, Standard Chartered said, "Inflation numbers - both WPI and CPI - to be released today will be closely watched, as will the status of the US govt shutdown and progress on lifting their debt ceiling."


    "We expect the WPI to be close to 6 percent and any significant deviation will impact the currency moves today. Expect the rupee to trade in the range of 60.75-61.35/USD," he added.


    Also Read - Dollar to remain weak against EM currencies: StanChart

    The dollar trades subdued as investors shift to safe haven currencies like the yen and the Swiss Franc. Yen has strengthened to above 98 levels.

    first published: Oct 14, 2013 09:10 am

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