Tuesday, 7 February 2017

Rupee opens on weak note at 67.29 per dollar

Ripples Advisory Private Limited, Indore @9303093093

The Indian rupee has started off the day on a weak note with all eyes on RBI policy tomorrow. The currency opened at 67. 29 per dollar, a loss of 8 paise against yesterday's closing of 67.21 per dollar. The dollar index has been trading in and around 100 pivot and apart from this fundamental factor, the rupee has been gaining due to positive impact of the Budget. 

The USD-INR pair is expected to trade in a range of Rs 67.10-67.30 for today. The market is evenly divided on the expectations of rate cut in the policy tomorrow.

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