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Rupee opens at 66.85 per dollar; down 8 paise

TradTips is the part of TradeIndia Research provide free stock market tips with complete analysis of market updates.

rupee-tradtipsThe Indian rupee opened lower by 8 paise at 66.85 per dollar on Monday versus previous close 66.77.

We expect the rupee to trade with a positive bias as far as it trades above 67/dollar. It will get steam from positive domestic cues to head towards 66.50/dollar.

The trading range for the spot USD-INR pair will be between 66.50-67/dollar

Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.

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