Tuesday 21 June 2016

Rupee Opens lower at 67.40 per Dollar

The Indian rupee opened lower by 9 paise at 67.40 per dollar on Tuesday versus 67.31 Monday. 

"The Indian markets seem to have taken the Rexit in their stride with equity, bond and currency markets coming off their intra-day lows, in tandem with the global risk-on sentiment, as Brexit fears have eased substantially." 

He further added, "The USD-INR pair after hitting 67.70/dollar closed at 67.30/dollar, on suspected support from RBI. We expect the pair to trade in the 67-68/dollar range with a weakening bias."

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