Sunday, August 7, 2016

Today Rupee opens at 66.85 per dollar; down 8 paise in the Domestic Market


The Indian rupee opened lower by 8 paise at 66.85 per dollar on Monday versus previous close 66.77.

Pramit Brahmbhatt of Veracity said, "We expect the rupee to trade with a positive bias as far as it trades above 67/dollar.

 It will get steam from positive domestic cues to head towards 66.50/dollar." "The trading range for the spot USD-INR pair will be between 66.50-67/dollar, "he added.

"The trading range for the spot USD-INR pair will be between 66.50-67/dollar, "he added.

Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.

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