Rupee opens marginally higher at 67.02 per dollar : Aug 26, 2016, 09.02 AM

Rupee opens marginally higher at 67.02 per dollar  : Aug 26, 2016, 09.02 AM

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Rupee opens marginally higher at 67.02 per dollar

We expect the rupee to remain rangebound,

The Indian rupee opened marginally higher at 67.02 per dollar on Friday versus previous close of 67.05.

We see no major trigger for the currency movement. The Fed has maintained the status quo in yesterday's speech.

We expect the rupee to remain rangebound."

 Dollar slipped marginally as some investors squared positions before the annual global central bankers' gathering in Jackson Hole, wyoming, where Federal Reserve Chair Janet Yellen may offer new guidance on US monetary policy.