The Indian rupee has opened with a marginal gains of 7 paise at 65.11 per dollar on Wednesday compared to previous day's closing value of 66.18 a dollar.Pramit Brahmbhatt of Veracity said, "We expect the rupee to depreciate today as weakness in Asian markets will force local equities to trade weak. The strength in dollar may keep rupee under pressure. We see the range for the day between 64.70-65.70/dollar."Also Read - RBI unlikely to cut repo rate in 2015 & 2016: StanChartThe dollar slipped, hitting a three and a half week low against a basket of currencies, as traders pushed back expectations of a rate hike by the US Fed further into 2016.
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!
