The Indian rupee opened lower by 11 paise at 63.60 per dollar on Tuesday versus previous close 63.49. The euro had started moving higher post the ECB meeting and consequently the US dollar has now moved below 91 levels now. I expect the rupee to continue to appreciate and expect the USD-INR to trade within a range of 63.40-63.60.
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Rites bags order: Under an ongoing contract, Sri Lanka Railways has given an additional export order aggregating to Rs 200 crore to the company for supply of passenger coaches.
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