In the early trade the Indian rupee slipped on Monday. It has opned lower by 20 paise at 66.88 per dollar versus 66.68Friday.
Pramit Brahmbhatt of Veracity said, “We hope for the rupee to trade with a negative bias under pressure from global opinion. The trading range for the day is seen between 66.50-67/dollar.”
The dollar began the week on the back foot as a bout of risk aversion derived the yen, though the US currency garnered some support on renewed talk of a possible rate raise by the Federal Reserve as early as this month.
Read More – Currency Updates