Monday, 6 February 2017

Rupee opens at 67.20 per dollar, gains 11 paise

Ripples Advisory Private Limited, Indore @9303093093

The Indian rupee has started off the week on a strong note, especially ahead of RBI policy on Wednesday. It has opened marginally higher at 67.20 per dollar against Friday's closing of 67.31 a dollar, registering a gain of 11 paise. Positive cues from equity market will help the rupee appreciate and it may head towards 67.20 levels. 

Expected trading range for the USD-INR pair between Rs 67.20-67.50/dollar. The US dollar remained defensive amid uncertainty about the Trump administration's dollar policy. It slipped versus the yen.

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