Mar 16, 2017 04:02 PM IST | Source: Moneycontrol.com

Rupee opens at 1-yr high at 66.20 per dollar

I expect the USD-INR pair to open with a gap and trade in a range of 66.30-66.50/dollar today, says Bhaskar Panda of HDFC Bank.

ByRakesh Patil
Rupee opens at 1-yr high at 66.20 per dollar

The Indian rupee gained in the early trade on Tuesday. It has opened higher by 40 paise at 66.20 per dollar versus Friday's close 66.60.

The rupee is currently trading at one year high.

Bhaskar Panda of HDFC Bank said, "Expectations have built up for a rate hike in the FOMC meeting this week. Dollar index is up at 101.37. However in Indian context election victory in major states will be a booster."

He further added, "I expect the USD-INR pair to trade in a range of 66.30-66.50/dollar today."
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