Rupee opens lower at 67.08 per dollar : 31.08.2016 09.02am
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Rupee is likely to trade in the range of 66.70-67.20/dollar,
The Indian rupee opened marginally lower at 67.08 per dollar on Wednesday versus 62.02 Tuesday.
"In an environment of uncertainty over the Fed rate trajectory, rupee has held steady.
We believe the renewed Fed rate hike probability may pose minor headwinds in the near term." "Rupee is likely to trade in the range of 66.70-67.20/dollar," he added. The yen traded near its weakest level in a month versus the dollar.
The dollar index held strong around the 96 mark.
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Rupee is likely to trade in the range of 66.70-67.20/dollar,
The Indian rupee opened marginally lower at 67.08 per dollar on Wednesday versus 62.02 Tuesday.
"In an environment of uncertainty over the Fed rate trajectory, rupee has held steady.
We believe the renewed Fed rate hike probability may pose minor headwinds in the near term." "Rupee is likely to trade in the range of 66.70-67.20/dollar," he added. The yen traded near its weakest level in a month versus the dollar.
The dollar index held strong around the 96 mark.