| Date: |
02-09-2015 |
| Subject: |
Rupee opens lower by 10 paise at 66.32 per dollar |
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The Indian rupee declined in early trade on Wednesday. It has opened lower by 10 paise at 66.32 per dollar against 66.22 a dollar on Tuesday.
Himanshu Arora, Religare feels the rupee is expected to trade slightly weak today amid a slew of negative data releases from US to China.
Weak global equities may also hammer the rupee further, he adds.
According to him, on the flip side, robust Japanese manufacturing and falling unemployment rate in the Eurozone yesterday, may offer some support to the rupee.
He says the range for rupee today is seen between Rs 65.95-66.60/USD.
Dollar slipped against the yen and the euro as the fall in equity markets forced investors to unwind well established trades, sending the euro and safe-haven yen higher.
Source : moneycontrol.com
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