After yesterday's holiday due to Ganesh Chaturthi,the Indian rupee is trading high as compared to previous four month today.
Rupee has opened at 66.53 a dollar in early trade today.
As per the Ashutosh Raina of HDFC Bank says, "the probability of a US rate hike in September has diminished after the recent weaker-than-expected jobs report."
American Dollar traded heavy next to most of the currencies.
Raina further added, "the USD-INR pair is expected to trade in the 66.40-66.80 a dollar range, with Central Bank support expected to curtail further gains"