| Date: |
29-09-2015 |
| Subject: |
Rupee opens sharply lower at 66.33/USD, down 29 paise |
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The Indian rupee has opened sharply lower at 66.33 a dollar on Tuesday compared to 66.04 a dollar in previous session following weak global cues and ahead of RBI monetary policy.
Ashutosh Raina, HDFC Bank says the RBI is expected to cut benchmark rates by 25 basis points in the crucial monetary policy meet today.
According to him, statements of the RBI Governor Raghuram Rajan will be keenly watched for future cues.
He expects USD-INR pair to trade in Rs 65.50-66.50 a dollar range today.
Source : moneycontrol.com
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