Thursday, 26 May 2016

Rupee Opens Flat at 67.32 per Dollar

The Indian rupee opened flat at 67.32 per dollar on Thursday versus previous closing of 67.33.

"Post FOMC minutes, the market is reassessing a possible Fed rate hike in June resulting in dollar strength."

"The rupee weakened initially but recovered on the back of a bounce back in stock markets and large custodial inflows."

"The USD-INR trading range for the day is seen between 67.10-67.40/dollar," he added.

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