Friday, 2 December 2016

Rupee opens marginally higher at 68.28 per dollar

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The Indian rupee opened marginally higher at 68.28 per dollar on Friday versus previous close 68.34. "Uncertainty due to demonetisation and issues related to FCNR outflow is almost over. The effect of CRR increase is also discounted." "Indian foreign exchange market is now more or less stabilised after USD-INR pair touched a lifetime high of 68.86/dollar earlier. The pair is now expected to consolidate within the 68.20-68.50/dollar range.

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