Wednesday, 28 September 2016

Rupee opens higher at 66.44 per dollar

The rupee will continue to trade with a positive bias on the back of an overall weak outlook for dollar, says Pramit Brahmbhatt of Veracity. 

The Indian rupee opened higher by 4 paise at 66.44 per dollar on Wednesday versus previous close of 66.48.

Pramit Brahmbhatt of Veracity said, "The rupee will continue to trade with a positive bias on the back of an overall weak outlook for dollar and in anticipation of rebound in the domestic equity market."

The 10-year US Treasury note yield hovered near a three-week low of 1.546 percent touched overnight amid speculation that Europe's banking woes could delay the Fed's next interest rate hike.
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