Monday, 2 May 2016

Rupee Opens at 66.41 per Dollar; Down 8 Paise

The Indian rupee opened lower by 8 paise at 66.41 per dollar on Monday against 66.33 Friday. 

"The rupee is likely to extend consolidation over the coming week, with softness in dollar strength aiding the currency."

"US Jobs data will be eyed, as the Fed, in its last week's policy, remained non committal on path of future rate trajectory." 

"We expect the USD-INR to be ranged between 66.05-66.85/dollar this week," he said.

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