| Date: |
28-08-2015 |
| Subject: |
Rupee opens flat at 66.03 per dollar |
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The Indian rupee opened on a flat note on Friday. It was trading at 66.03 per dollar against previous closing of 66.04.
Pramit Brahmbhatt of Veracity said, "US GDP data suggests that economic conditions are getting better and are on the right track. Taking cues from this Indian equities will open positively but profit booking at higher level may cap the gain."
"Rupee is also expected to trade strong, supported by local equities. We see the range for the rupee between 65.60-66.60/dollar," he added.
The dollar retained at one-week highs against a basket of major currencies, having benefited from upbeat US data and as investors continue to cut back on safe-havens such as the yen.
Source : moneycontrol.com
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