Indian rupee opens flat at 62.08 per dollar

The rupee is expected to gain and take cues from positive equities, says Pramit Brahmbhatt of Veracity.

The Indian rupee opened flat at 62.08 per dollar on Friday against previous close of 62.06.

The euro hovered above 11-year low as investors bet the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week.

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Pramit Brahmbhatt of Veracity said, "The rupee is expected to gain and take cues from positive equities. However, strength in dollar may keep the rupee under pressure. We expect rupee to trade in a range of 61.50-62.50/dollar today."

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