Thursday, 27 October 2016

Rupee opens lower at 66.92 per Dollar

The Indian rupee opened lower by 9 paise at 66.92 per dollar on Thursday versus previous close 66.83. 

"With upcoming US elections, Fed rate hike on November 2 looks unlikely.

However, dollar continues to strengthen on the back of expectations of Fed rate hike in December." "The Rupee has been resilient in a range on the back of exporter selling. We expect the USD-INR to trade in a range of 66.75-67% for the day," he added.

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