| Date: |
26-11-2015 |
| Subject: |
Rupee opens marginally lower at 66.35 per dollar |
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The Indian rupee has opened marginally lower at 66.35 per dollar on Thursday against 66.32 a dollar in previous trading session (Tuesday).
Mohan Shenoi of Kotak Mahindra Bank said, "December could see global monetary divergence. European Central Bank (ECB)is expected to ease further while Fed is expected to start tightening monetary policy."
"This will ensure dollar strength particularly against euro. Geopolitical developments could make currency markets volatile. Success of GST Bill could be a positive surprise for Indian equity markets."
"The USD-INR pair is expected to trade today in a range of 66.25-66.50/dollar," he added.
The dollar rose after strong economic data further backed the case for the Fed to raise interest rates, and after officials said the ECB was discussing additional options for stimulating the economy.
Source : moneycontrol.com
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