Thursday, 22 December 2016

Rupee opens higher at 67.83 per dollar

The Indian rupee continued its recovery on Thursday for the second consecutive session following correction in dollar. It has opened higher by 8 paise at 67.83 per dollar against previous close of 67.91. The rupee to range between 67.50-68.50/dollar over the next two weeks as the market remains quiet towards the end of the year and selling pressure from foreign investors eases. The rupee would come under renewed pressure in the new year based on macro performance in the wake of demonetisation, he says. 

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