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Rupee opens at 67.21 per dollar; down 18 paise |
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The Indian rupee opened lower by 18 paise at 67.21 per dollar on Monday versus 67.03 Friday.
Himanshu Arora of Religare said, "The rupee is expected to strengthen against the dollar today. The rupee has weakened around 1.5 percent this year, while FIIs have bought USD 2.03 billion from the local equity market and sold USD 1.16 billionn in debt markets."
"The intra-day trend of rupee is seen up in a range of 66.75-67.45/dollar," he added.
The US dollar index hit two-month highs on Friday after US Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months.
Source : moneycontrol.com
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