Monday, 10 April 2017

Indian rupee opens at 64.30 per dollar

The Indian rupee opened marginally lower at 64.30 per dollar on Monday versus previous close 64.28.

Pramit Brahmbhatt of Veracity said, "Next technical hurdle for rupee is 64.20/dollar. Trading range for the spot USD-INR pair will be 64.20-64 70/dollar."

The dollar started the week at three-week highs against a currency basket after a key US Federal Reserve official reinforced the Central Bank's commitment to interest rate hikes.

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