Monday, 30 January 2017

Rupee opens lower at 68.06 per dollar

The Indian rupee opened marginally lower at 68.06 per dollar on Monday versus Friday's close 68.04. Expected the dollar to gain and the trading range for the USD-INR pair is seen between 68-68.20/dollar. Dollar slipped, nudging off a one-week high against a basket of currencies after treasury yields declined on data showing the US economy grew at a slower-than-expected pace. Also traders digested the tensions sparked by Donald Trump’s order halting some immigration.

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