Rupee opens marginally higher at 66.52/$

The dollar holds near a 3-week high against the yen on expectations of further Bank of Japan easing this week.

The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday. Bansi Madhavani of India Ratings says outcome of key central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour of EM currencies.

She says, with dollar continuing to note headwinds, rupee may benefit in the near term on account of ‘risk-on’ sentiment. in the near term. She is eyeing a range of 66.20–66.85 per dollar on the rupee. The dollar holds near a 3-week high against the yen on expectations of further Bank of Japan easing this week.Read More — Mcx Tips

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