Tuesday, 14 June 2016

Rupee Opens lower at 67.19 per Dollar

The Indian rupee opened lower by 6 paise at 67.19 per dollar on Tuesday versus previous close of 67.13.

"The risk-off sentiment is quite evident owing to the uncertainty about Brexit referendum. Also, the June FOMC meeting, starting today, is expected to keep policy rates unchanged, but the markets will be looking for cues about the timing of hikes." 

"The USD-INR pair is back above 67/dollar on the back of global risk-off sentiment. We expect the USD-INR pair to trade in the range of 67-67.50/dollar in the short term," he said.

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