Date: |
02-12-2015 |
Subject: |
Rupee opens marginally lower at 66.52 per dollar |
The Indian rupee opened marginally lower at 66.52 per dollar on Wednesday against previous closing 66.49.
Pramit Brahmbhatt of Veracity said, "Rupee has remained rangebound with a positive bias. Interest rate decision and dovish view of RBI governor has given support to equity market."
"Overall, we can expect the rupee to appreciate today and is expected to trade in the range of 66.20-66.80/dollar," he said.
The dollar fell as a contraction in US manufacturing PMI and upbeat european economic data knocked the greenback from 8 and a half-month highs against a basket of major currencies.
Source : moneycontrol.com
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