Tuesday, 10 January 2017

Rupee opens at 68.08 per dollar

The Indian rupee has opened higher by 13 paise at 68.08 per dollar on Tuesday against previous close 68.21. Dollar Index has been taking a beating after recent highs. Given this background, the USD-INR pair is expected to trade within a range of 67.90-68.20/dollar today. US dollar weakened against the safe-haven yen as investors' reduced appetite for risk The pound declined to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit.

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