Rupee rises further; opens over 4-month high at 66.36/$ : Sep 07, 2016, 10.37 AM

Rupee rises further; opens over 4-month high at 66.36/$  : Sep 07, 2016, 10.37 AM


Rupee rises further; opens over 4-month high at 66.36/$

The Indian rupee has opened at 66.36 a dollar, up 16 paise compared with previous day's closing value of 66.52 a dollar.

The Indian rupee appreciated further on Wednesday, hitting more than four-month high. The currency has opened at 66.36 a dollar, up 16 paise compared with previous day's closing value of 66.52 a dollar.

The upside in currency was largely on account of weaker dollar after likely delay in Fed rate hike.

The rupee will take cues from the US non-ISM non-manufacturing data as well as the equity market. The USD-INR pair is expected to trade within a narrow range of 66.43-66.60 a dollar, he feels.

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