Rupee opens lower at 67.19 per dollar; slips 13 paise : 9.02Am

Rupee opens lower at 67.19 per dollar; slips 13 paise : 9.02Am

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We expect the USD-INR pair to trade in the range of 66.80-67.30/dollar,

The Indian rupee opened lower by 13 paise at 67.19 per dollar on Monday versus 67.06 Friday.

"Rupee is likely to depreciate today as we have seen supportive buying in the USD. However, the rally in USD could be limited to 67.30/dollar."

"We expect the USD-INR pair to trade in the range of 66.80-67.30/dollar,"

The dollar gained against major peers, as hawkish comments from a Federal Reserve official added to prospects that US interest rates will increase this year.

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