Monday 7 September 2015

Rupee opens marginally higher at 66.77 per dollar -- 8 Sep 2015

We expect the pair to trade weak in the near future in a range of 66.50- 67/USD in the short term with support expected from the central bank, says Ashutosh Raina of HDFC Bank.

                   
The Indian rupee opened marginally higher by 5 paise at 66.77 per dollar on Tuesday versus 66.82 Monday."The USD-INR currency pair has been under pressure, close to touching the psychological level of 67/dollar, tracking weakness in other EM currencies."We expect the pair to trade weak in the near future in a range of 66.50- 67/USD in the short term with support expected from the central bank," 

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