Rupee gains 13 paise; opens at 66.62 per dollar

We expect the USD-INR to trade in a range of 66.50-67.20/dollar today, says Pramit Brahmbhatt of Veracity. 

 

The Indian rupee opened with a gain of 13 paise at 66.62 per dollar on Friday against previous close of 66.75. Pramit Brahmbhatt of Veracity said, "The rupee is expected to appreciate with a strong resistance at 66.50/dollar."
 

"We expect the USD-INR to trade in a range of 66.50-67.20/dollar today," he said. The dollar tumbled against major currencies , after the Federal Reserve pared back expectations for interest rate increases. 

 

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