Sunday, August 7, 2016

Rupee opens at 66.85 per dollar; down 8 paise : 09.02Am

Rupee opens at 66.85 per dollar; down 8 paise : 09.02Am


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

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

"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,

RBI likely to maintain status quo on Tuesday Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.