Thursday, 11 May 2017

RUPEE Rises at 64.49 per DOLLAR ; slips 12 PAISE - 11th May 2017

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The Indian Rupee slipped in the early trade on Thursday. It has opened lower by 12 paise at 64.49 per Dollar versus previous close 64.37.

According to Ripples Advisory Private Limited, Indore, post a positive French election result, 'risk-on' is seen in global equity markets with rangebound currency markets. Indian equity market touched a new high and this could contribute to Rupee strength. The USD-INR trading range for the day seen between 64.40-64.70/Dollar."

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