Tuesday, 20 December 2016

Rupee opens higher at 67.86 per dollar

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The Indian rupee has opened higher on Tuesday at 67.86 per dollar against previous close of 67.87 a dollar. The dollar index continues to move higher, currently above 103 level, after the hawkish FOMC meeting and some recent geopolitical concerns. The USD-INR pair has also slid from recent highs with continuing portfolio outflows and overall dollar strength. The pair to trade in the 67.60-68/dollar range today. 

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