Rupee opens at 66.85 per dollar; down 8 paise
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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.