Rupee opens at 66.79 per dollar; up 10 paise

The USD-INR pair continues to trade in the 66.50-67/dollar range with some depreciating bias, as some FII outflows continue to pressurise the pair, says Ashutosh Raina of HDFC Bank.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Markets » Rupee

Oct 18, 2016, 09.06 AM | Source: Moneycontrol.com

Rupee opens at 66.79 per dollar; up 10 paise

The USD-INR pair continues to trade in the 66.50-67/dollar range with some depreciating bias, as some FII outflows continue to pressurise the pair, says Ashutosh Raina of HDFC Bank.

Like this story, share it with millions of investors on M3

Rupee opens at 66.79 per dollar; up 10 paise

The USD-INR pair continues to trade in the 66.50-67/dollar range with some depreciating bias, as some FII outflows continue to pressurise the pair, says Ashutosh Raina of HDFC Bank.

Post Your Comments

Share Cancel

The Indian rupee gained in the early trade on Tuesday. It has opened higher by 10 paise at 66.79 per dollar versus previous close 66.89.

Ashutosh Raina of HDFC Bank said, "The USD retreated from the recent highs it hit against most of its peers, with some hawkish comments form Fed speakers increasing the probability of a December rate hike.

"The USD-INR pair continues to trade in the 66.50-67/dollar range with some depreciating bias, as some FII outflows continue to pressurise the pair," he added.

Also Read - RBI has ample $ reserves to deal with rupee volatility: StanC

The US dollar retreated from seven-month highs as some investors took profits from the recent dollar rally and on speculation that the Federal Reserve will maintain a go-slow pace of raising interest rates even if the central bank tightens policy later this year.
Buy, Hold, Sell ? Hear it first on M3
Rupee opens at 66.79 per dollar; up 10 paise

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login