Rupee opens Higher at 66.85 per Dollar

The Indian rupee opened higher by 6 paise at 66.85 per dollar on Friday against previous close 66.91.

 

"The Bank Of England (BoE) finally cut rates coupled with a QE package, in-line with market expectations. The markets will be keenly awaiting the crucial non-farm payroll numbers today, after a weak recent GDP number." 

 

"The USD-INR pair has been trading in 66.50-67/dollar range, with strong FII flows coupled with intervention at lower levels capping the gains. We expect the pair to continue trading this range in the near term," he added. 

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