The Indian rupee has opened lower by 10 paise at 66.12 per dollar on Wednesday against previous days's closing value of 66.02 a dollar.Pramit Brahmbhatt of Veracity said investors are expected to trade cautiously ahead of data due this week. According to him, the rupee is expected to trade weak taking cues from a strong dollar. He sees the range for the rupee between 65.60-66.40/dollar today.Also Read - UBS sees RBI cutting rates in H2 again on falling inflationThe dollar gained on expectations that the Federal Reserve will raise interest rates next month.
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