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rupee-tradtips

Currency News

The Indian rupee opened lower by 9 paise at 66.81 per dollar on Thursday versus 66.72 Wednesday.

We expect some of the recent weakness on the dollar against global currencies and sustained capital inflows to continue supporting the rupee in the near term, which should range between 66.25-66.75/dollar.

The US dollar fell broadly as US treasury yields fell and investors waited on a speech by Federal Reserve Chair Janet Yellen later this month.

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