| Date: |
04-12-2015 |
| Subject: |
Rupee at 2-yr low, opens down 30 paise at 66.95 per dollar |
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The Indian rupee opened lower by 30 paise at 66.95 per dollar on Friday against previous close of 66.65.
Pramit Brahmbhatt of Veracity said, "We expect the rupee to appreciate as dollar weakened in the international market and the US non-farm payroll data is expected to be against the dollar."
"Trading range for the spot USD-INR pair is expected to be within 66.25-67/dollar levels today," he added.
The US dollar index fell more than 2 percent overnight to below 98 after hitting a plus-12-year high of 100.51 on Wednesday.
The euro extended earlier gains to climb above USD 1.09 to hit its highest since November 3. The dollar index posted its worst daily loss since march 2009, while the euro had its biggest gain since that month.
Source : moneycontrol.com
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