| Date: |
09-11-2015 |
| Subject: |
Rupee weaken past 66/USD; declines 65 paise |
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The rupee weaken past 66 per dollar for the first time since September 29 as it has opened lower by 65 paise at 66.41 per dollar against 65.76 Friday.
NS Venkatesh of IDBI Bank said, "Expect market to open on a nervous note following the outcome of Bihar elections. The non-farm payroll numbers from the US could likely result into an early lift-off from the Fed in December. These factors will keep the markets worried."
"We expect the rupee to trade within a range of 65.90-66.25/dollar for the day," he added.
The dollar jumped to a more than six-month high after data showed the US economy created more jobs than expected in October.
Source : moneycontrol.com
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