Tuesday 16 August 2016

Rupee opens Higher at 66.85 per Dollar

The Indian rupee opened marginally higher at 66.85 per dollar on Tuesday versus 66.89 Friday.

"The expectations of more stimulus from Japan and China, coupled with jump in global oil prices, is helping the global positive sentiment. The markets will also await the Fed July FOMC meeting minutes to get some cues about future hikes." 

"For the USD-INR pair, the portfolio flows continue to be absorbed by the Central Bank intervention, with the pair trading in the 66.50-67/dollar range, he added.


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