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Rupee opens steady, Greece watched

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Reuters Mumbai

The rupee opened flat on Thursday, with investors cautious on whether the latest meeting of Greek political leaders will finally result in reforms to help the country avoid a messy default.

At 9 a.m., the rupee was at 49.15 to the dollar, compared with 49.15/16 on Wednesday.

The euro dipped in early Asian trade after Greek political parties concluded marathon negotiations with the issue of pension cuts left unresolved, though hopes that a deal will soon be reached limited the damage.

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First Published: Feb 09 2012 | 12:00 AM IST

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