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Rupee opens marginally lower at 66.74 per dollar

The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar, says Pramit Brahmbhatt of Veracity.

November 07, 2016 / 09:01 IST

The Indian rupee opened marginally lower by 4 paise at 66.74 per dollar on Monday versus 66.70 Friday.Pramit Brahmbhatt of Veracity says, "Weak US economic data and dollar index will help rupee gain today. The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar."Also Read - Rupee should remain fairly stable even if Trump wins: BofAMLThe US dollar slipped against the safe-haven Swiss Franc on Friday on nervousness ahead of US presidential election, despite a solid US jobs report that supported expectations for a Federal Reserve rate hike next month.

first published: Nov 7, 2016 09:01 am

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