Thursday, 29 October 2015

Rupee opens at 65.15 per dollar, slips 23 paise updates By MarketMagnify

The Indian rupee slipped in the early trade on Thursday. It has opened lower by 23 paise at 65.15 per dollar against 64.92 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, "A hawkish October FOMC statement has increased the probability of US Fed rate hike in December. Consequently, the dollar rallied across the board in particular against Euro while US stocks also showed decent recovery." "USD-INR is likely to trade marginally weaker today and is expected to be in a range of 64.90-65.20/dollar," he added. The dollar stood near a 2 and a half month high against a basket of currencies after the US fed left the door open for a rate

hike in December, while the European Central Bank is widely expected to add to its stimulus.

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