Rupee Opens lower at 66.32 per Dollar; Down 10 paise

USD-INR trading range for today 66.10-66.40/dollar, says Mohan Shenoi of Kotak Mahindra Bank.

The Indian rupee opened lower by 10 paise at 66.32 per dollar Thursday against previous close of 66.22. Mohan Shenoi of Kotak Mahindra Bank said, "Sharp rise in oil prices has failed to trigger significant currency movements. Ahead of next week's FOMC rate setting meeting, currency markets are expected to be subdued." "USD-INR trading range for today 66.10-66.40/dollar," he said. Dollar edged up against a basket of major currencies. Euro flat ahead of the ECB meet today. The central bank is not expected to make any policy change at its rate-setting meeting on Thursday.

 

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