Rupee opens marginally higher at 66.99 per dollar

The Indian rupee opened higher by 5 paise at 66.99 per dollar on Monday versus 67.04 Friday.

The Indian rupee has opened higher by 5 paise at 66.99 per dollar on Monday against 67.04 on Friday. Pramit Brahmbhatt of Veracity says, "We have a positive stance on the rupee. Looking at the FII flows, gold and crude prices, we believe that 66.80/dollar will be challenged."
 

"We will see further strength in the rupee above 66.80/dollar," he says. He expects the rupee to trade in a range of 66.80-67.50/dollar today. The US dollar at one-month lows against a basket of major currencies with the Federal Reserve seen almost certain to stand pat at this week's policy review. 

 

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