The Indian rupee opened lower by 18 paise at
67.21 per dollar on Monday versus 67.03 Friday.
Himanshu Arora of
Religare said, "The rupee is expected to strengthen against the dollar
today. The rupee has weakened around 1.5 percent this year, while FIIs have
bought USD 2.03 billion from the local equity market and sold USD 1.16 billionn
in debt markets."
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