Rupee opens 2-week low at 66.99 per dollar
The Indian rupee opened at two weeks low at 66.99 per dollar on Wednesday, down 7 paise against 66.92 Monday. Ashutosh Raina of HDFC Bank said, "The hawkish Fed speaks, increasing the probability of Fed hiking rates at its September FOMC, has sent the global markets into a tizzy."
"We expect USD-INR pair to trade in the 67-67.50/dollar range in the near term," he added.
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The Indian rupee opened at two weeks low at 66.99 per dollar on Wednesday, down 7 paise against 66.92 Monday. Ashutosh Raina of HDFC Bank said, "The hawkish Fed speaks, increasing the probability of Fed hiking rates at its September FOMC, has sent the global markets into a tizzy."
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