Indian rupee opens flat at 60.11 per dollar.

25-July-2014
Indian rupee opens flat at 60.11 per dollar.

The Indian rupee opened flat at 60.11 per dollar versus 60.12 Thursday. The dollar held gains versus the yen and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the US and eurozone economies.

Pramit Brahmbhatt of Veracity said, "Taking cues from the strong equity market sentiment, we expect rupee to appreciate though the dollar demand from oil importers will keep rupee under pressure. Range for the day is seen between 59.60-60.50/dollar."

Source : moneycontrol.com

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