Rupee Opens Marginally Higher At 66.52 per Dollar

The trading range for the day is seen between 66.40-66.80/dollar, says Pramit Brahmbhatt of Veracity. 

 

The Indian rupee opened marginally higher at 66.52 per dollar on Monday versus 66.55 Friday. Pramit Brahmbhatt of Veracity said, "The rupee is expected to trade sideways with a positive bias. We see a narrow range without any strong cues from domestic or global markets."

"The trading range for the day is seen between 66.40-66.80/dollar," he added. The dollar index rose against a basket of currencies after the head of the New York Federal Reserve,

William Dudley, told the New York Times the US Central Bank may raise interest rates twice in 2016 following weaker-than-expected April data on hiring. 

 

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