Nifty Future Tips - Indian Rupee Opens Higher At 64.25 Per Dollar

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The Indian rupee gained in the early trade on Wednesday. It has opened higher by 8 paise at 64.25 per dollar versus 64.33 Tuesday.

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Pramit Brahmbhatt of Veracity said, "Technically, dollar has became stronger. Moreover, massive outflows by FIIs will keep the rupee under pressure. Thus, trading range for the spot USD-INR pair will be 64-64.50.”
The dollar weakened against a basket of currencies as traders look to Fed for more clues. Analysts widely anticipate Fed policymakers to announce a lowering of monthly bond purchases, starting in October.


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