Wednesday, 7 June 2017

Rupee falls further, opens 7 paise lower at 64.49/$

The Indian rupee extended losses on Wendesday. It opened at 64.49 against the US dollar, down 7 paise compared with Tuesday's closing level of 64.42 a dollar. The absence of any directional clarity, the spot USD-INR pair will trade in a tight range of 64.20 to 64.50 today. Meanwhile, the dollar wallowed near a six-week low against the safe-haven yen, with traders cautious ahead of Britain's general election, a European Central Bank policy decision and testimony.

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