Forex Market News

Rupee Opens Lower At 66.56 Per Dollar

The Indian rupee opened marginally lower at 66.56 per dollar on Thursday versus 66.50 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, “Dollar has been strengthening this week against most currencies with rising expectations of a Fed rate hike in December.” “Rupee however has been resilient in a range.
USD-INR trading range for the day seen between 66.40-66.65/dollar,” he added. The dollar held steady against a basket of currencies as upbeat data on US services sector offset a weaker-than-expected report on private job growth, while the euro was broadly higher in step with a rise in higher euro zone bond yields.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s