| Date: |
03-03-2016 |
| Subject: |
Rupee gains further; opens at 67.40 per dollar |
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The Indian rupee has climbed further as it opened with a gain of 14 paise on Thursday at 67.40 per dollar. It closed at 67.54 on Wednesday.
Mohan Shenoi of Kotak Mahindra Bank said, "Improved oil and commodity prices and pick-up in US economic data has changed the sentiment to risk-on."
"Dollar has weakened against commodity currencies and the rupee has gained against dollar on buoyant equity markets following the Union Budget."
"We expect the USD-INR to in a range of 67.40-67.70/dollar today," he said.
Dollar was at a more than one-month high against the euro after strong US private payrolls data.
Source : moneycontrol.com
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