Friday, 24 March 2017

Indian Rupee opens higher at 65.48 per Dollar

The Indian rupee gained marginally in the early trade on Friday. It has opened at 65.48 per Dollar versus previous close 65.52. The USD-INR pair continues to trade in a very tight range around the 65.50/Dollar  handle, with gains on account of strong portfolio flows getting offset by strong intervention. Expected the pair to trade in the 65.30-65.70/dollar range for today. The Dollar hovered near a four-month low against the Japanese yen ahead of a vote on republican healthcare plans which is seen as a litmus test for President Trump's ability to deliver on promises.

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