According to Agam Gupta of Standard Chartered, currency markets are expected to remain muted and cautious today ahead of monetary policy review tomorrow.
"The range for the day is seen between 61.25-61.75/USD," Gupta said.
Also Read - RBI may hike interest rate, MSF rate cut likely
The euro hovered close to a two-year high against the dollar on Friday as a souring of German business morale did little to dent bullish sentiment toward the euro zone common currency.
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Indian rupee opens higher at 61.40 per dollar
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Indian rupee opens higher at 61.40 per dollar
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Indian rupee opens higher at 61.40 per dollar
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