| Date: |
10-09-2015 |
| Subject: |
Rupee opens at 66.72 per dollar; slips 31 paise |
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The Indian rupee gave up yesterday's gain. The currency has opened lower by 31 paise at 66.72 per dollar on Thursday against previous day's close of 66.41.
Mohan Shenoi of Kotak Mahindra Bank said, "The 'risk-on' rally of the last few days has lost momentum and the market has slipped back to 'risk-off' sentiment. Consequently, dollar was weak against other major currencies like euro and yen."
"With Reserve Bank of India (RBI) presence on both sides of the market, the USD-INR is expected to trade today in a range of 66.30-66.70/dollar," he added.
Dollar remained steady ahead of US Fed's next policy statement on September 17 for clues on the timing of a US interest rate rise.
Source : moneycontrol.com
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