The Indian rupee rose in the early trade on Monday. It has opened higher by 7 paise at 66.54 per dollar versus 66.61 Friday. Pramit Brahmbhatt of Veracity said, “Weakness in equity market will persist which will put pressure on rupee.
The trading range for the day is seen between 66.50-67.20/dollar. The dollar started off the week on a firmer footing as fears about deutsche bank receded and investors looked ahead to this week’s US jobs data.
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