Wednesday, 15 March 2017

Rupee opens higher at 66.76 per Dollar

The Indian rupee opened marginally higher at 65.76 per Dollar on Wednesday versus 65.82 Tuesday. Yesterday the rupee closed at 16month high at 66.82, which was last seen in November, 2015.

The rupee has strong resistance at 65.80 levels and may trade sideways for the day. Expected USD-INR pair to trade in a range of 65.80-66.30/dollar today." The dollar was on tenterhooks in early trade as investors waited anxiously to see what clues the US Federal Reserve would soon reveal on its monetary policy outlook.

Riyanshi

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