| Date: |
23-09-2015 |
| Subject: |
Rupee opens at 66.02 per dollar; down 14 paise |
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The Indian rupee extended losses for the second consecutive session on Wednesday. The currency breached 66-mark against dollar in early trade, down 14 paise to 66.02 per dollar compared to 65.88 a dollar in previous session.
Pramit Brahmbhatt of Veracity feels the rupee is expected to depreciate as overnight US equities traded weak.
According to him, negative sentiment in the market created by global growth concerns will also force local equities to open weak as Asian markets have already opened on a weak note, which will force rupee to trade lower.
Rupee range is seen between 65.40-66.40/dollar, Brahmbhatt says.
The US dollar hit a more than two-week high against the euro on continued belief that the Federal Reserve would hike rates this year. The dollar index rose above the 96 mark.
Source : moneycontrol.com
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