Rupee opens at 66.75 per dollar, up 8 paise

The Indian rupee gained in the opening trade on Thursday. It has gained by 8 paise at 66.75 per dollar versus 66.83 Wednesday.

The dollar hit a seven-week high after hawkish comments from two Federal Reserve officials increased expectations that the US Central Bank is closer to raising interest rates.

Futures traders are now pricing in a 69 percent chance of a Fed hike in March, up from 35 percent on Tuesday.

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Posted in: Indian Market Tips