Mumbai, On Wednesday, Indian rupee continued upward movement and opened 18 paise up at 66.34 against the US dollar.
Dollar weakness against other overseas currencies also contributed to rupee’s rally.
Anindya Banerjee, currency analyst, Kotak Securities, said, that “Rupee would remain a favoured currency if US Fed decides to push for a hike in September or China opts for a large scale devaluation of their currency.”
