Forex Market News

Rupee Opens At 66.53 Per Dollar; Up 7 Paise

The Indian rupee rose in the early trade on Tuesday. It has opened higher by 7 paise at 66.53 per dollar, which is a 3-week high, against previous close of 66.60. Ashutosh Raina of HDFC Bank said,
The USD-INR pair continues to rally on the back of strong FII and FDI flows and some spectrum auction related inflows, with overall dollar weakness also helping.” “We expect the pair to trade in 66.50-67/dollar range,” he added.
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