Moneycontrol Be a Pro
Get App
Last Updated : Aug 08, 2016 09:04 AM IST | Source: Moneycontrol.com

Rupee opens at 66.85 per dollar; down 8 paise

The trading range for the spot USD-INR pair will be between 66.50-67/dollar, says Pramit Brahmbhatt of Veracity.


The Indian rupee opened lower by 8 paise at 66.85 per dollar on Monday versus previous close 66.77.

Pramit Brahmbhatt of Veracity said, "We expect the rupee to trade with a positive bias as far as it trades above 67/dollar. It will get steam from positive domestic cues to head towards 66.50/dollar."

"The trading range for the spot USD-INR pair will be between 66.50-67/dollar, "he added.

Also Read - RBI likely to maintain status quo on Tuesday

Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 8, 2016 09:04 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant