Wednesday, 22 March 2017

Indian Rupee opens at 65.56 per Dollar; slips 27 paise

The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 27 paise at 65.56 per Dollar versus 65.29 Tuesday. The USD-INR pair is expected to take cues from the equity market and how the Dollar behaves against other major currencies. The Dollar weakness is expected to continue. Expected the USD-INR pair to trade in a range of 65.15-65.40/dollar for the day." The dollar dipped to a near-four-month low as concerns over Trump's policy implementations grew. The greenback has been under pressure after comments from the US Federal Reserve last week disappointed dollar bulls.

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Riyanshi

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