Rupee opens 11 paise lower at 66.47 per dollar Sep 08, 2016 09.26 AM
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The Indian rupee snapped two-day winning streak on Thursday. The currency has opened at 66.47 a dollar, down 11 paise compared with 66.36 per dollar on Wednesday.
Modest data emanating from US was putting pressure on dollar as markets re-think a potential September rate hike.
Emerging markets currencies particularly rupee have gained against dollar. , the USD-INR is expected to trade in a range of Rs 66.25-66.50 per US dollar for the day.
The dollar fell to a more than one-week low against the yen after Bank of Japan policymakers are divided ahead of the central bank's next meeting. The Bank of Japan is split on whether to add stimulus at its September 20-21 policy meeting, where central bank governor Haruhiko Kuroda has said the board will conduct a comprehensive assessment of the effects of its massive stimulus programme.
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The Indian rupee has opened at 66.47 a dollar, down 11 paise compared with 66.36 per dollar on Wednesday.The Indian rupee snapped two-day winning streak on Thursday. The currency has opened at 66.47 a dollar, down 11 paise compared with 66.36 per dollar on Wednesday.
Modest data emanating from US was putting pressure on dollar as markets re-think a potential September rate hike.
Emerging markets currencies particularly rupee have gained against dollar. , the USD-INR is expected to trade in a range of Rs 66.25-66.50 per US dollar for the day.
The dollar fell to a more than one-week low against the yen after Bank of Japan policymakers are divided ahead of the central bank's next meeting. The Bank of Japan is split on whether to add stimulus at its September 20-21 policy meeting, where central bank governor Haruhiko Kuroda has said the board will conduct a comprehensive assessment of the effects of its massive stimulus programme.
