Rupee opens at 66.86 per dollar; gains 16 paise : 09.02Am 16.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The rupee is expected to trade within a range of 66.90-67.10/dollar,
The Indian rupee gained in the early trade on Friday. It has opened higher by 16 paise at 66.86 per dollar versus 67.02 Thursday.
"Rumoured comments from Commerce Ministry was the main mover in the currency market yesterday. Latest US data has been on the weaker side. Given this background, the rupee is expected to trade within a range of 66.90-67.10/dollar."
The US dollar reversed earlier gains against the yen as traders doubted that the Bank of Japan will be able to weaken the yen with more policy stimulus, while profit-taking and gains in commodity currencies also weighed on the greenback.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The Indian rupee gained in the early trade on Friday. It has opened higher by 16 paise at 66.86 per dollar versus 67.02 Thursday.
"Rumoured comments from Commerce Ministry was the main mover in the currency market yesterday. Latest US data has been on the weaker side. Given this background, the rupee is expected to trade within a range of 66.90-67.10/dollar."
The US dollar reversed earlier gains against the yen as traders doubted that the Bank of Japan will be able to weaken the yen with more policy stimulus, while profit-taking and gains in commodity currencies also weighed on the greenback.