Thursday, 23 February 2017

Rupee opens flat at 66.96 per Dollar

The Indian rupee has opened almost flat at 66.96 per dollar on the last day of week against previous close of 66.97. Dollar remained range bound against majors as market focus shifts to a possible rate hike in March FOMC meeting. In-line with global trends, rupee is also seen in a narrow range. USD-INR trading range for the day is 66.80-67.05/ Dollar. The dollar slipped after Federal Reserve meeting minutes disappointed expectations for a hawkish tone.

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