Friday, 9 December 2016

Rupee opens at 67.49 per dollar; down by 14 paise

The Indian rupee opened lower by 14 paise at 67.49 per dollar on Friday versus previous close 67.35. Dollar Index lost weight post the US jobless claims data. We expect the USD-INR pair to trade within a range of 67.20-67.50/dollar." The euro dropped over 1 percent overnight after the European Central Bank extended asset purchases until the end of next year and President Mario Draghi said cuts to the size of the program should not be viewed as tapering. The dollar index gained.

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