Moneycontrol
Feb 15, 2017 09:02 AM IST | Source: Moneycontrol.com

Rupee opens flat at 66.92 per dollar

The USD-INR is expected to trade in a range of 66.78-67.08/dollar today, says NS Venkatesh of Lakshmi Vilas Bank.

The Indian rupee opened flat at 66.92 per dollar on Wednesday against previous close 66.93.

NS Venkatesh of Lakshmi Vilas Bank said, "The Yellen testimony shows a higher probability of a rate increase sooner than later and hence will impact both the equity and currency markets."

"The USD-INR is expected to trade in a range of 66.78-67.08/dollar today," he added.

The dollar rose to a three-week peak against a basket of major currencies as investors raised their outlook on a faster pace of us interest rate increases.

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