| Date: |
24-11-2015 |
| Subject: |
Rupee gains 10 paise, opens at 66.37 per dollar |
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The Indian rupee gained in early trade on Tuesday. It has opened higher by 10 paise at 66.37 per dollar against 66.47 Monday.
NS Venkatesh of IDBI Bank said, "Rupee weakened against the dollar yesterday, mainly due to dollar strength against all currencies and demand from importers and closed at 66.47/dollar. The market was also supported by PSU banks selling dollar."
"Today the rupee is excepted to trade between 66.35-66.5/dollar mainly due to dollar for month-end oil demand," he added.
The dollar rose to an eight-month high on expectations of an interest rate hike next month.
Source : moneycontrol.com
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