| Date: |
06-01-2016 |
| Subject: |
Rupee slips 11 paise, opens at 66.70 per dollar |
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The Indian rupee opened lower by 11 paise at 66.70 per dollar against previous close of 66.59.
NS Venkatesh of IDBI Bank said, "The rupee traded in a narrow range against the dollar yesterday and erased the gains made in the earlier part of trade due to purchase by the custodial banks."
"The USD-INR pair will take cues from the equity market and is expected to trade between 66.50-66.65/USD today," he added.
The US dollar gained against major world currencies to hit its highest in a month. The euro was weaker near 1.07, its lowest in a month.
Source : moneycontrol.com
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