Tuesday, 28 June 2016

Rupee Gains 18 Paise, Opens at 67.77 per Dollar

The Indian rupee gained in the early trade on Tuesday. It has opened higher by 18 paise at 67.77 per dollar against 67.95 Monday.

"The markets continue to be in a risk-off mode after the recent Brexit referendum. The dollar index has moved to recent highs with most of major and EM currencies touching their recent lows." He further added, 

"The USD-INR pair after briefly going above 68/dollar levels has settled below it on the back of some aggressive support from RBI. We expect the USD-INR pair to trade in the 67.50-68/dollar range in the near term."

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