| Date: |
14-09-2015 |
| Subject: |
Rupee opens at 66.40 per dollar; rises 14 paise |
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The Indian rupee rose in the early trade on Monday. It has opened higher by 14 paise at 66.40 per dollar against Friday's close of 66.54.
Agam Gupta of Standard Chartered said, "We expect local government banks and other importers to be buyers of USD below 66.30/dollar. Upticks to 66.55/dollar will see exporter hedging going through."
"We expect a range of 66.25-66.55/dollar for the day. Market participants will continue to keep an eye on global risk sentiment for further cues," he added.
The dollar, euro and yen all got off to a slow start with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade.
Source : moneycontrol.com
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