Friday, 16 June 2017

Free Stock Cash Tips-Indian Rupee opens higher at 64.27 per Dollar- Call us 9644405056

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The Indian Rupee opened marginally higher at 64.27 per Dollar on Thursday versus previous close 64.30.

Expected, US FOMC hiked the rate by 25 bps hinting one more rate hike in 2017. As the event was already priced-in, global currency market reaction was muted. Rupee has benefited from global flows."

However, Reserve Bank of India (RBI) intervention is preventing sharp gains. USD-INR expected to trade in a range of 64-64.35/Dollar today.

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