Rupee Declines further By 7 paise, Opens at 66.72 per Dollar

The Indian rupee has opened at 66.72 a dollar, down 7 paise compared to 66.65 a dollar in previous session. 

The Indian rupee declined further, opening at 66.72 a dollar on Thursday, down 7 paise compared to 66.65 a dollar in previous session. Mohan Shenoi, Kotak Mahindra Bank said, "As expected, minutes of the Fed meeting in March were dovish.
 

Oil prices moved higher on fall in US inventory. However, impact of this on currency markets was muted and the Rupee appreciation was halted by weak stock market."
 

Shenoi expects the USD-INR pair to trade in a range of Rs 66.50-66.80/USD today. The US dollar hit a 17-month low against Yen while Euro inched lower against US dollar. 

 

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