| Date: |
27-11-2015 |
| Subject: |
Rupee opens lower at 66.65 per dollar |
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The Indian rupee has opened lower by 9 paise at 66.65 per dollar on Friday against previous close of 66.56 a dollar.
Ashutosh Raina of HDFC Bank says the dollar continues to gain against most of its G-10 peers on expectations of Fed hiking rates in December with the dollar index fast approaching this year's high of 100.39.
He further adds that the USD-INR pair has also breached the psychological level of 66.50/dollar and is expected to weaken further on the back of continued dollar strength.
He expects the pair to trade 66.40-67/ dollar range in short term.
The euro hovered near seven-month lows against the dollar and lost ground against the yen as investors bet against it, expecting the ECB to ease monetary policy again next week.
Source : moneycontrol.com
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