Tuesday, 17 November 2015

Rupee opens marginally higher at 65.95 per dollar | Stock Tips

The Indian rupee has opened with a marginal gains of 5 paise at 65.95 per dollar against previous close of 66.

The dollar index continues to edge towards the 100 mark with the dollar gaining against most of the currencies. The USD-INR pair continues to trade in the 65.50-66.50/dollar range but is expected to weaken from current levels on the back of overall dollar strength.

We expect the pair to trade in the 65.70-66.30/dollar range for today

The dollar added on to gains as investors continue to expect an interest rate hike from the Federal Reserve.

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