| Date: |
21-09-2015 |
| Subject: |
Rupee opens at 65.86 per dollar; down 19 paise |
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The Indian rupee slipped in early trade on Monday. It has opened lower by 19 paise at 65.86 per dollar versus Friday's closing value of 65.67.
The currency on Friday appreciated by 79 paise to close at one-month high of 65.67 a dollar.
Agam Gupta of StanChart Bank said, "The overnight equity sell-off will keep sentiment slightly weak. We expect dollar demand to come in from importers on dips to 65.55-65.60/dollar. Any upticks towards 66/dollar will see some exporter selling to hedge their receivables. We expect a range of 65.60-66/dollar for the day."
The dollar recovered and lifting the mood of dollar bulls were comments from a top Fed policymaker, John Williams, who said a rate hike this year is still likely.
Source : moneycontrol.com
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