The Indian rupee opened flat at 94.47 per dollar versus the US dollar on September 4 , compared with Thursday’s close of 94.49. According to Finrex, the rupee is expected to open slightly lower at 94.60 and stay in the range of 94.00 to 94.75 in today’s session. The dollar index fell to 98.95 on rise in yen while Brent oil continues to stay near to $ 97 per barrel. Expectation that oil companies will continue to buy dollars due to higher oil prices is always there. The gain of yen could be seen as a reversal of carry trade…
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