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Indian Unit Opens Slightly Lower against Greenback in Morning Trade

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Indian Unit Opens Slightly Lower against Greenback in Morning Trade

July 25
14:55 2014

rs vs dollarNew Delhi, Friday, July 25 – The official currency of India fell a little bit by 5 paise to be at 60.17 in opposition to the greenback in morning trade on Friday at the Interbank Foreign Exchange as a result of increase of the US dollar out of the country in the middle of down start in the local stock market.

Quite a lot of traders held the drop of Indian rupee responsible to latest demand for the greenback from importers and augments made by the American currency in opposition to further units abroad.

In addition to this, the local unit had moved back from almost 2-wk crest and finished 3 paise down at 60.12 in opposition to the US dollar in the deal witnessed a day ago.

In the intervening time, the 30-share barometer was lower by 25.15 points, or say, 0.09%, to tap at 26,246.70 mark in morning deal on Friday.

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