Wednesday, 1 June 2016

Rupee Opens at 67.24 per Dollar

The Indian rupee opened flat at 67.24 per dollar against previous close of 67.26.

"Pulling back from recent low of 67.75/dollar, the rupee has staged a sharp recovery driven by correction in dollar strength and strong domestic equity market performance."

"Prospects of Fed rate hike will keep global markets on tenterhooks, but is unlikely to be majorly disruptive for the rupee."


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