Wednesday, 17 May 2017

Indian Rupee opens at 63.99 per Dollar, at highest level since April 27

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The Indian Rupee opened higher by 9 paise at 63.99 per Dollar on Wednesday, at the highest level since April 27, 2017. It has closed at 64.08 on Tuesday.

Expected Rupee to consolidate in the narrow range of 64-64.20/Dollar for the day. Negative US economic data may help the rupee to appreciate. Further upside can be expected below 64/Dollar."

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