Rupee opens Higher at 66.55 per Dollar

The Indian rupee opened with marginal gains at 66.55 per dollar on Tuesday versus 66.59 Monday. 

"The 2-day MPC meeting concludes today, with markets expecting Reserve Bank of India (RBI) to maintain a status quo. However, a surprise cut can pleasantly surprise the markets. 

 

The USD-INR pair after briefly approaching 67/dollar levels is back to 66.50/dollar." "We expect the pair to trade in the 66.30-66.80/dollar range in the near term.

 

Get live News Updates visit us at Ripples Advisory or One Missed Call on @98-27-80-80-90 with strong FII and FDI inflows to continue," he added.