Tuesday 20 September 2016

Rupee opens Flat at 66.97 per Dollar

The Indian rupee opened flat at 66.97 per dollar on Tuesday versus previous close 66.96. 

 

"The all important FOMC and BoJ meetings get underway today. Markets are expecting no rate increases from Fed, but the statements accompanying the policy will be keenly analysed." 

 

"USD/INR currency pair has been stuck in a very narrow range. Expect the pair to trade in a range of 66.80-67.10/dollar ahead of FOMC," he added.

 

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