Thursday, 5 May 2016

Rupee Opens Marginally lower at 66.59 per Dollar

The Indian rupee opened marginally lower by 4 paise at 66.59 per dollar on Thursday versus 66.55 Wednesday.

"Mixed data from US and fall in crude oil prices has resulted in underperformance of commodity currencies and Asian risk assets.

Non-farm payroll data tomorrow from US will determine further course for the currency markets."

"We expect the USD-INR pair to trade in a range of 66.50-66.80/dollar today," he added. The dollar gained, rebounding from recent lows against the yen and euro as data on US trade and factory orders eased some growth worries.

For More Information Visit Us :- www.ripplesadvisory.com And Call Us :- 9827808090

No comments:

Post a Comment