Rupee Opens At 66.80 per Dollar, Slips 13 Paise

Rupee is likely to stay in the range of 66.10-66.90/dollar in the interim, says Bansi Madhavani of India Ratings. 

The Indian rupee opened lower by 13 paise at 66.80 per dollar on Wednesday versus 66.67 Tuesday. Bansi Madhavani of India Ratings said, "Medium-term outlook of rupee hinges on global developments, while earnings and flows' position will dictate the near-term range."
 

"Rupee is likely to stay in the range of 66.10-66.90/dollar in the interim," he added. The dollar rose to its highest level against the yen in two weeks after Japan's finance minister said warnings from US treasury officials wouldn't stop Japan from trying to weaken its currency by selling yen in the open market.

 

Read More -  Currency Tips

Browse More Articles

Tweet

Written by Unknown

We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.