The Indian Rupee Has Opened Higher By 5 Paise At 66.62 Per Dollar

The dollar hit a two-month high against a basket of key currencies last week as Federal Reserve officials talked up the chances of a rate hike this month, but the greenback is now sitting in a narrow range with a hike seen mostly as a done deal. 

Asian equities were mixed amid mounting geopolitical risks in the region and rising expectations that the Federal Reserve would tighten monetary policy next week.

The Indian rupee has opened higher by 5 paise at 66.62 per dollar versus previous close 66.67. 

NS Venkatesh of Lakshmi Vilas Bank says the rupee is expected to take cues from the equity market today and flows from the FPIs. He expects USD-INR pair to trade within a narrow range of 66.60-66.83/dollar.