Rupee opens at 66.85 per Dollar; gains 14 Paise

The Indian rupee opened higher by 14 paise at 66.85 per dollar on Thursday versus 66.99 Wednesday. 

 

"We expect rupee and bond markets to recover from the positive news of Rajya Sabha passing the GST Constitutional Amendment Bill last evening. This should continue the strengthening trend of the rupee of the last 7 days despite profit booking seen yesterday." 

 

"With little surprise expected from RBI policy next week, we expect the rupee to trade in the range of 66.25-66.75/dollar in the next 2 weeks and 10-year benchmark yields between 7.1-7.25 percent" 

 

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