| Date: |
10-12-2015 |
| Subject: |
Rupee opens marginally lower at 66.88 per dollar |
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The Indian rupee opened marginally lower at 66.88 per dollar on Thursday against previous close of 66.83.
Mohan Shenoi of Kotak Mahindra Bank said, "Currency markets have already priced in a US Fed rate hike on the 16th of this month. Less than expected monetary easing by ECB and year-end unwinding of positions has led to a risk-off scenario."
"With Indian equities biased lower, USD-INR is expected to trade today in a range of 66.75-67," he said.
The dollar fell as commodity currencies reverse steep losses and as the euro rises after investors shift back into the single currency.
Source : moneycontrol.com
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