Tuesday 24 May 2016

Rupee Slips 14 Paise, Opens at 67.63 per Dollar

The Indian rupee opened lower by 14 paise at 67.63 per dollar on Tuesday against its previous close of 67.49.

"A hawkish surprise from April FOMC minutes has increased the probability of Fed rate hike sooner than later.

This coupled with Brexit fears has kept the markets on tenterhooks."

"The oil demand coupled with weak global sentiment resulted in USD-INR pair touching the higher end of the 67-67.50/dollar range, where some support was seen."

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