Rupee opens lower, falls 5 paise to 65.07 against US dollar


Oct 23, 2017 09:14 AM IST | Source: Moneycontrol.com

The rupee has opened at 65.07 a dollar, falling 5 paise compared with previous close of 65.02 a dollar.

The Indian rupee started off the week on a negative note on Monday, after a long weekend. It has opened at 65.07 a dollar, falling 5 paise compared with previous close of 65.02 a dollar.

Pramit Brahmbhatt of Veracity feels the rupee will trade with a negative bias on the back of negative cues from domestic equity market.

He expects the spot USD-INR pair to trade in a range of 64.80-65.20 per dollar.

Meanwhile, the dollar edged up to a three-month high against the yen today, with an emphatic election victory for Japan’s ruling party keeping yen-weakening reflationary measures at the heart of government policy.