Rupee rises further; opens over 4-month high at 66.36/$ : Sep 07, 2016, 10.37 AM
Rupee rises further; opens over 4-month high at 66.36/$
The Indian rupee has opened at 66.36 a dollar, up 16 paise compared with previous day's closing value of 66.52 a dollar.
The Indian rupee appreciated further on Wednesday, hitting more than four-month high. The currency has opened at 66.36 a dollar, up 16 paise compared with previous day's closing value of 66.52 a dollar.
The upside in currency was largely on account of weaker dollar after likely delay in Fed rate hike.
The rupee will take cues from the US non-ISM non-manufacturing data as well as the equity market. The USD-INR pair is expected to trade within a narrow range of 66.43-66.60 a dollar, he feels.
Rupee rises further; opens over 4-month high at 66.36/$
The Indian rupee has opened at 66.36 a dollar, up 16 paise compared with previous day's closing value of 66.52 a dollar.
The Indian rupee appreciated further on Wednesday, hitting more than four-month high. The currency has opened at 66.36 a dollar, up 16 paise compared with previous day's closing value of 66.52 a dollar.
The upside in currency was largely on account of weaker dollar after likely delay in Fed rate hike.
The rupee will take cues from the US non-ISM non-manufacturing data as well as the equity market. The USD-INR pair is expected to trade within a narrow range of 66.43-66.60 a dollar, he feels.