Wednesday, 25 May 2016

Rupee Opens at 67.63 per Dollar; up 12 Paise

The Indian rupee opened higher by 12 paise at 67.63 per dollar on Wednesday against previous close of 67.75. 

"A strong US dollar, an uptick in oil prices, and overall weak portfolio flows are likely to keep the rupee under pressure in the near term." 

"Persistence of dollar strength and consequent shift in risk appetite will continue weighing on the currency ahead of Fed's June policy meeting."

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