Rupee Opens Marginally Lower At 66.63 per Dollar

We expect the USD-INR pair to trade in a range of 66.40-66.70/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.

 

The Indian rupee opened marginally weak at 66.63 per dollar on Thursday against previous close of 66.56. Mohan Shenoi of Kotak Mahindra Bank said, "The currency markets have settled in a range after US Payroll data was marginally weaker than expected."

"We expect the USD-INR pair to trade in a range of 66.40-66.70/dollar today," he added. The dollar fell against a currency basket for the first time in seven days, as investors consolidated gains and booked profits on a day with no major US economic data and weak global cues. 

Read More - Currency updates

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.