Dec 28, 2015 09:04 AM IST | Source: Moneycontrol.com

Rupee opens at 66.10 per dollar, gains 11 paise

We expect a month-end demand from oil importers which could put pressure on the rupee. The trading range for today is 66.05-66.30/dollar, says NS Venkatesh of IDBI Bank.

Rupee opens at 66.10 per dollar, gains 11 paise
The Indian rupee opened higher in the early trade on Monday. It has gained 11 paise at 66.10 per dollar versus 66.21 Wednesday.

NS Venkatesh of IDBI Bank said, "The market is coming out of the extended holiday from last week and the rupee is expected to trade with thin volumes today."

"We expect a month-end demand from oil importers which could put pressure on the rupee. The trading range for today is 66.05-66.30/dollar," he added.

Also Read - Rupee set for 5th yearly loss; 65-70 becomes new normal

The dollar fell against a basket of currencies, putting it on track for its steepest monthly loss since April, as traders resumed booking profits on their bullish bets.

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