The 66.30/dollar mark could be tested in today's session, says Bansi Madhavani of India Ratings.
The Indian rupee gained in the early trade on Wednesday. It has opened higher by 28 paise at 66.27 per dollar versus 66.55 Monday. Bansi Madhavani of India Ratings said, "Weaker dollar is likely to aid EM currencies." "The 66.30/dollar mark could be tested in today's session,The US dollar hit 10-month lows against some commodity currencies on a growing appetite for risky assets and lost further ground to the euro after weak US economic data reinforced views that Federal Reserve monetary policy would remain dovish. Read More - Currency Tips
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