Tuesday 7 June 2016

Rupee opens Higher at 66.90 per Dollar

The Indian rupee opened higher by 6 paise at 66.90 per dollar on Tuesday against previous close of 66.96. 

"The USD weakened markedly after the dismal non-farm payrolls report for May, thereby reducing the chances of near-term rate hikes in US substantially." 

He further added, "The RBI is widely expected to maintain status quo in rates in its policy statement today, although some more liquidity easing measures can be expected."


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