Tuesday, 3 May 2016

Rupee Opens Higher at 66.35 Per Dollar

The Indian rupee opened higher by 9 paise at 66.35 per dollar on Tuesday against previous close of 66.44. 

"A weakening USD, with dollar index touching 92.54 levels, fully retracing the rally since China FX move last year, have steadily boosted global stock markets and resulted in return of some risk-on sentiment." 

He further added, "The USD-INR pair continues to trade the 66-67/dollar range with good portfolio flows continuing."

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