| Date: |
20-11-2015 |
| Subject: |
Rupee opens at 66.10 per dollar; gains 8 paise |
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The Indian rupee has opened higher by 8 paise at 66.10 per dollar on Friday against previous close of 66.18 a dollar.
NS Venkatesh of IDBI Bank said, "The rupee closed marginally stronger yesterday based on the improved risk appetite seen in the market. There was marginal weakening of the dollar on account of the FOMC Minutes which suggested a gradual lift-off from December."
"The market will also take cues from equity market and crude prices. The rupee is expected to trade in a range of 66.05-66.30/dollar today," he added.
The dollar weakens across the board as investors cashed in recent gains driven by widespread expectations of a US Fed interest rate increase next month.
Source : moneycontrol.com
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