| Date: |
01-10-2015 |
| Subject: |
Rupee opens flat at 65.56 per dollar |
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The Indian rupee opened on flat note at 65.56 per dollar on Thursday against previous closing of 65.58.
Mohan Shenoi of Kotak Mahindra Bank said, "Risk-on relief rally was seen across the board in Europe, US & EMs on expectation of delayed lift-off in Fed rate and absence of further negative news from China."
"Dollar had a mixed session with gains against funding currencies and marginal weakness against commodity & EM currencies. On the back of custodial inflows, the USD-INR pair is expected to trade today in a range of 65.40-65.70/USD," he added.
Major currencies remained in familiar ranges ahead of key US jobs data tomorrow.
Source : moneycontrol.com
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