Wednesday, 6 January 2016

MarketMagnify News Updates: Rupee slips 11 paise, opens at 66.70 per dollar

For latest updates keep touch with us at or call us at 07316619100.The Indian rupee opened lower by 11 paise at 66.70 per dollar against previous close of 66.59. 

NS Venkatesh of IDBI Bank said, "The rupee traded in a narrow range against the dollar yesterday and erased the gains made in the earlier part of trade due to purchase by the custodial banks."

"The USD-INR pair will take cues from the equity market and is expected to trade between 66.50-66.65/USD today," he added.

The US dollar gained against major world currencies to hit its highest in a month. The euro was weaker near 1.07, its lowest in a month.

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