The Indian rupee has opened at 66.50 a dollar, up 8 paise compared to 66.58 a dollar in previous session.
The Indian rupee gained further in early trade Tuesday. The currency has opened at 66.50 a dollar, up 8 paise compared to 66.58 a dollar in previous session. Ashutosh Raina of HDFC Bank says currency market has been fairly rangebound in the holiday shortened week, with the dollar-rupee currency pair trading between 66.50-67 per dollar, with portfolio flows pouring in but well supported at lower levels, keeping the pair in a tight range. He expects the pair to trade in 66-67 per dollar range in near term. US dollar weakened against a basket of major currencies while gold rose marginally.
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