MUMBAI: The Indian rupee started lower by 11 paisa at 61.82 per dollar on Tuesday versus last day’s ending value of 61.71 a dollar.
Ashutosh Raina of HDFC Bank said, “The earlier than expected rate cut by Reserve Bank of India (RBI) last week has spurred the Indian markets; with currency, equity and bond markets rallying. The USD / INR currency pair is back in 61-62 range with appreciating bias.”
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