The rupee will take cues from the equity market today and is expected to trade in a range of 66.40-66.72/dollar, says NS Venkatesh of IDBI Bank.
The Indian rupee advanced further in early trade on Wednesday. It has opened higher by 17 paise at 66.38 per dollar against previous close of 66.55."The rupee strengthened against the USD after touching an intra-day high of 66.80/dollar yesterday. We saw selling by custodial banks and some buying from PSBs to meet the oil demand." "The rupee will take cues from the equity market today and is expected to trade in a range of 66.40-66.72/dollar,"
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The S&P BSE Sensex and CNX Nifty ended 1.59%-1.70% higher each.
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