Rupee near 66, but India in sweet spot

The rupee inched closer to the 66 level on Friday but was pulled back from its day's low of 65.92 against the dollar to close at 65.83, 28 paise lower than its previous close of 65.55 Stock Market Trading Tips 

The rupee weakened against the dollar on the back of a host of adverse geopolitical news, which included the Greek government's resignation, belligerent stance by North Korea, and fears of a severe bad debt problem in China. In the US, former Federal Reserve chairman Alan Greenspan warned of a bond market bubble as treasury yields fell despite indications that the Fed would hike rates. US bond yields have plunged as global funds pumped in money, taking the safe haven route as the situation turned volatile in emerging markets Himanshu Tiwari Astrologer Blog

According to Harihar Krishnamoorthy, treasurer at First Rand Bank, the main trigger for the rupee fall is China and traders expect the Indian currency to breach the 66 mark in the short term, with 66.3 being a technical resistance level Indian stock market astrology prediction