Sunday 13 September 2015

Rupee opens at 66.40 per dollar; rises 14 paise -- 14 Sep 2015

We expect a range of 66.25-66.55/dollar for the day. Market participants will continue to keep an eye on global risk sentiment for further cues, says Agam Gupta of Standard Chartered.

                             
The Indian rupee rose in the early trade on Monday. It has opened higher by 14 paise at 66.40 per dollar against Friday's close of 66.54.We expect local government banks and other importers to be buyers of USD below 66.30/dollar. Upticks to 66.55/dollar will see exporter hedging going through."

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