Monday, 16 January 2017

Rupee opens lower at 68.23 per dollar

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The Indian rupee opened lower by 8 paise at 68.23 per dollar on Monday versus 68.15 Friday. The USD will trade with a positive bias considering weak cues from global as well as domestic equity market. The trading range for spot USD-INR pair will be 68-68.50/dollar. Pound tumbled followed media reports that suggest that UK's Prime Minister Theresa May's government was prepared to make a "hard" or "clean" exit from the European Union, ahead of her speech tomorrow.

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