Tuesday, 6 December 2016

Rupee opens higher at 68.14 per dollar

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The Indian rupee gained in the early trade on Tuesday. It has opened higher by 7 paise at 68.14 per dollar versus previous close 68.21. The USD-INR pair, tracking the overall dollar weakness, has moved closer to the 68/dollar level. Expect the pair to trade in the 67.80-68.50/dollar range ahead of the RBI policy decision and the all important FOMC meeting next week. The euro had its best day against the dollar since early June yesterday as investors swiftly moved past the initial shock of a "no" vote in the Italian constitutional referendum. The dollar index holds around 100 mark.

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