| Date: |
21-12-2015 |
| Subject: |
Rupee opens marginally higher at 66.35 per dollar |
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The Indian rupee opened marginally higher by 5 paise at 66.35 per dollar versus 66.40 Friday.
Ashutosh Raina of HDFC Bank said, "The Fed hike was well received with all markets rallying initially. However, the continued weakness in energy and oil prices has started to put pressure back on the market."
"The USD-INR pair has come off from recent lows. However, the gains may not sustain and the pair is expected to weaken from current levels."
"We expect the USD-INR pair to trade in the 66-67/dollar range in near future," he added.
Dollar fell after the Bank of Japan merely tweaked its monthly asset-purchase program, suggesting to traders that the central bank may not ease policy as much as expected.
Source : moneycontrol.com
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