Equity Tips:- Indian Rupee Opens Lower By 8 Paise At 66.83 Per Dollar

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The Indian rupee opened lower by 8 paise at 66.83 per dollar on Friday versus previous close 66.75.

 

After remaining under pressure in the past few sessions, yesterday, the rupee consolidated against the US dollar. Weakness in the rupee had been triggered on back of sharp rise in global crude oil prices and fund outflow by FIIs in the equity and debt segment. Yesterday, they sold another USD 100 million, now getting the cumulative figure for this month to almost USD 2 billion. 

 

Continued fund outflows by FIIs in the equity and debt segment could weigh on the rupee. For the day, the USD-INR pair is expected to quote in the range of 66.60 and 67.20(Spot), it added. 

 

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