Rupee opens at 67.14 per dollar; down 8 paise : 09.03Am
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We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today,
The Indian rupee opened lower by 8 paise at 67.14 per dollar on Monday versus 67.06 Friday.
"Interest rate speculation will continue to keep the USD higher. We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today."
The dollar was near a two-week high against the yen after comments from Central Bank chiefs at the weekend reinforced the divergence between monetary policy in the US and other parts of the world. Bank of Japan governor Haruhiko Kuroda reiterated a pledge to ease monetary policy further if necessary, saying that he would bolster economic stimulus "without hesitation."
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We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today,
The Indian rupee opened lower by 8 paise at 67.14 per dollar on Monday versus 67.06 Friday.
"Interest rate speculation will continue to keep the USD higher. We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today."
The dollar was near a two-week high against the yen after comments from Central Bank chiefs at the weekend reinforced the divergence between monetary policy in the US and other parts of the world. Bank of Japan governor Haruhiko Kuroda reiterated a pledge to ease monetary policy further if necessary, saying that he would bolster economic stimulus "without hesitation."