| Date: |
18-02-2016 |
| Subject: |
Rupee gains 8 paise; opens at 68.39 per dollar |
|
The Indian rupee opened higher by 8 paise at 68.39 per dollar on Thursday versus 68.47 Wednesday.
Mohan Shenoi of Kotak Mahindra Bank said, "Despite better-than-expected US industrial production data, the next Fed rate hike is unlikely to be before June 16."
"Given weak equity markets in India, the USD-INR is expected to trade today in a range of 68.30-68.60/dollar," he added.
The US dollar weakened against the yen after the Federal Reserve released the minutes from its January meeting.
Source : moneycontrol.com
|