Indian rupee opens lower at 65.22 per dollar

The Indian rupee opened lower by 8 paise at 65.22 per dollar on Friday against previous close 65.14.

Pramit Brahmbhatt of Veracity said, "The rupee is expected to remain rangebound between 65.20-65.50 for the day."

"Dollar strengthening against peers and weakness in Indian equity market will weaken the rupee," he added.

The US dollar index rose to seven-week highs as data pointed to solid US growth, before Friday's highly anticipated jobs report for September.

The US trade deficit fell in August as exports of goods and services rose to the highest level in more than 2- ½ years, while the number of Americans filing for unemployment benefits fell more than expected last week.

Dhawal Dalal of Edelweiss AMC said, "Governemnt bond prices reacted negatively after the MPC held rates and increased inflation projections marginally."

"We expect the 10-year benchmark bond yield to trend towards 6.79 percent from a technical perspective in absence of any positive development," he added.