| Date: |
13-11-2015 |
| Subject: |
Rupee opens at 66.18 per dollar; gains 13 paise |
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The Indian rupee opened higher by 13 paise at 66.18 per dollar on Friday against Tuesday's close of 66.31.
Pramit Brahmbhatt of Veracity said, "Local equity market is likely to trade sideways today and will take cues from global markets for further directions. Strength in dollar will keep rupee under pressure. Today being the last trading day of the week, investors are expected to trade cautiously and square off their position ahead of the weekend."
"Asian markets have already started the day on a weak note which would force Indian equities to open in the red. Rupee to trade in a range of 65.60-66.50 today," he added.
The dollar was on the defensive against the euro and yen as risk appetite receded amid a tumble in equities to pull the greenback further away from its recent highs.
Source : moneycontrol.com
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