Forex Market News

Rupee Bounces Back, Opens 9 Paise Higher At 66.84/$

The Indian rupee has bounced back on Friday. It has opened at 66.84 a dollar, higher by 9 paise compared with 66.93 a dollar in previous session. Ashutosh Raina of HDFC Bank says the release of FOMC minutes indicating chances of a rate hike in December coupled with weak Chinese data resulted in a risk-off sentiment across markets.
The Dollar gained across the board with the Dollar index moving to 98 levels and the USD/INR currency pair was no exception with the pair closing near 67 a dollar figure (on Thursday), he adds. Raina expects the pair to trade in 66.50-67 per dollar level in near term with a depreciating bias.
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