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HomeNewsBusinessMarketsRupee opens at 67.14 per dollar; down 8 paise

Rupee opens at 67.14 per dollar; down 8 paise

We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today, says Pramit Brahmbhatt of Veracity.

August 29, 2016 / 09:03 IST

The Indian rupee opened lower by 8 paise at 67.14 per dollar on Monday versus 67.06 Friday.Pramit Brahmbhatt of Veracity said, "Interest rate speculation will continue to keep the USD higher. We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today."Also Read - 2% rate cut necessary to boost SMEs, create jobs: NirmalaThe dollar was near a two-week high against the yen after comments from Central Bank chiefs at the weekend reinforced the divergence between monetary policy in the US and other parts of the world.Bank of Japan governor Haruhiko Kuroda reiterated a pledge to ease monetary policy further if necessary, saying that he would bolster economic stimulus "without hesitation."

first published: Aug 29, 2016 09:03 am

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