Rupee Slips 16 Paise, Opens at 66.65 per Dollar

The trading range for the day will be between 66.20-66.80/dollar, says Pramit Brahmbhatt of Veracity.

 

The Indian rupee slipped in the early trade on Monday. It has opened lower by 16 paise at 66.65 per dollar versus 66.49 Friday. Pramit Brahmbhatt of Veracity said, "Rupee is still trading in narrow range. A close below 66.50/dollar on Friday will support the rupee to appreciate towards 66.20/dollar levels." He further added, "The trading range for the day will be between 66.20-66.80/dollar."
 

Yen gained today after weakening the most in 17 months on Friday after a report said the Bank Of Japan is considering expanding its negative rate policy to bank loans and could cut rates further in its policy meet this week. 

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