Rupee Opens At 66.41 Per Dollar; Down 8 Paise

We expect the USD-INR to be ranged between 66.05-66.85/dollar this week, says Bansi Madhvani of India Ratings.

 

The Indian rupee opened lower by 8 paise at 66.41 per dollar on Monday against 66.33 Friday. Bansi Madhvani of India Ratings said, "The rupee is likely to extend consolidation over the coming week, with softness in dollar strength aiding the currency." "US Jobs data will be eyed, as the Fed, in its last week's policy, remained non committal on path of future rate trajectory."


"We expect the USD-INR to be ranged between 66.05-66.85/dollar this week,"

The yen traded close to its strongest level in more than 18 months on concern over the global economy. Yen holds below 107 per dollar after touching its strongest level since October 2014. 

 

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