| Date: |
10-11-2015 |
| Subject: |
Rupee opens flat at 66.43 per dollar |
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The Indian rupee has opened flat at 66.43 per dollar on Tuesday against previous day's closing value of 66.44 a dollar.
Ashutosh Raina of HDFC Bank said, "The solid US October Jobs data and firm earnings growth has resulted in markets expecting a December lift-off. This has resulted in dollar gaining across the board against most of its peers."
He further added, "The USD-INR pair is fast approaching near-term lows on the back of expectations of lift-off in US coupled with recent domestic changing political scenario. We expect the pair to trade between 66.20-66.80/dollar in the short term."
Dollar hovered just below a seven-month peak against a basket of major currencies , having consolidated its payrolls-inspired rally in a subdued session overnight.
Source : moneycontrol.com
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