Moneycontrol PRO
Loans
HomeNewsBusinessMarketsRupee opens flat at 66.43 per dollar

Rupee opens flat at 66.43 per dollar

The USD-INR pair is fast approaching near-term lows on the back of expectations of lift-off in US coupled with recent domestic changing political scenario, says Ashutosh Raina of HDFC Bank.

November 10, 2015 / 09:04 IST

The Indian rupee has opened flat at 66.43 per dollar on Tuesday against previous day's closing value of 66.44 a dollar.Ashutosh Raina of HDFC Bank said, "The solid US October Jobs data and firm earnings growth has resulted in markets expecting a December lift-off. This has resulted in dollar gaining across the board against most of its peers."He further added, "The USD-INR pair is fast approaching near-term lows on the back of expectations of lift-off in US coupled with recent domestic changing political scenario. We expect the pair to trade between 66.20-66.80/dollar in the short term."Dollar hovered just below a seven-month peak against a basket of major currencies , having consolidated its payrolls-inspired rally in a subdued session overnight.

first published: Nov 10, 2015 09:01 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347