Rupee opens at 66.96 per dollar, slips 30 paise : 23.09.2016
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Expect the rupee to trade in a range of 66.60-66.80/dollar range today,
The Indian rupee opened lower by 30 paise at 66.96 per dollar on Friday against previous close of 66.66.
"US Fed announcement of no hike in funds rates, followed by Janet Yellen's statement had a negative impact on the dollar Index." "This brushed off positively on USD-INR, which held below 67/dollar throughout yesterday. Expect the rupee to trade in a range of 66.60-66.80/dollar range today," he added.
The dollar fell to its lowest in a week against the euro but recovered some ground against the yen after Fed hinted at a rise in interest rates this year with cuts in the longer term outlook.
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Expect the rupee to trade in a range of 66.60-66.80/dollar range today,
The Indian rupee opened lower by 30 paise at 66.96 per dollar on Friday against previous close of 66.66.
"US Fed announcement of no hike in funds rates, followed by Janet Yellen's statement had a negative impact on the dollar Index." "This brushed off positively on USD-INR, which held below 67/dollar throughout yesterday. Expect the rupee to trade in a range of 66.60-66.80/dollar range today," he added.
The dollar fell to its lowest in a week against the euro but recovered some ground against the yen after Fed hinted at a rise in interest rates this year with cuts in the longer term outlook.