Thursday 1 September 2016

Rupee opens lower at 67.04 per Dollar

The Indian rupee opened lower at 67.04 per dollar on Thursday against previous close 66.96. 

"In the backdrop of Jackson Hole speeches, the focus is now on US Non-Farm Payroll data due tomorrow. The odds of a September Fed rate hike has now gone up. 

This has resulted in mild dollar rally against major currencies though rupee has been steady." "We expect the USD-INR pair to trade in a range of 66.80-67.10/dollar for the day," he added.

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