Forex Market News

Rupee Opens Lower At 66.75 Per Dollar

The Indian rupee opened lower by 10 paise at 66.75 per dollar on Monday versus 66.65 Friday. Pramit Brahmbhatt of Veracity said, “The rupee recovered from 67/dollar levels on global cues and performance of Indian equity market.
It is expected to trade in range of 66.20-66.80/dollar today.” The dollar index edged higher on Friday, reversing earlier selling, after Boston Federal Reserve president Eric Rosengren said he believed US short-term interest rates should be raised now and warned a decline in the jobless rate below sustainable levels could derail economic recovery.
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