Thursday, 7 April 2016

Updates By MarketMagnify: Rupee declines further by 7 paise, opens at 66.72 per dollar

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The Indian rupee declined further, opening at 66.72 a dollar on Thursday, down 7 paise compared to 66.65 a dollar in previous session.

Mohan Shenoi, Kotak Mahindra Bank said, "As expected, minutes of the Fed meeting in March were dovish. Oil prices moved higher on fall in US inventory. However, impact of this on currency markets was muted and the Rupee appreciation was halted by weak stock market."

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