The Indian rupee gained marginally in the early trade on Friday. It has opened at 65.48 per Dollar versus previous close 65.52. The USD-INR pair continues to trade in a very tight range around the 65.50/Dollar handle, with gains on account of strong portfolio flows getting offset by strong intervention. Expected the pair to trade in the 65.30-65.70/dollar range for today. The Dollar hovered near a four-month low against the Japanese yen ahead of a vote on republican healthcare plans which is seen as a litmus test for President Trump's ability to deliver on promises.
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The Indian rupee gained marginally in the early trade on Friday. It has opened at 65.48 per Dollar versus previous close 65.52. The USD-INR pair continues to trade in a very tight range around the 65.50/Dollar handle, with gains on account of strong portfolio flows getting offset by strong intervention. Expected the pair to trade in the 65.30-65.70/dollar range for today. The Dollar hovered near a four-month low against the Japanese yen ahead of a vote on republican healthcare plans which is seen as a litmus test for President Trump's ability to deliver on promises.
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