Forex Market News

Rupee Opens Flat At 66.72 Per Dollar

The Indian rupee has opened flat at 66.72 per dollar on Tuesday against previous close 66.74. Ashutosh Raina of HDFC Bank said, “The countdown to the US Presidential Election results continues. The FBI announcement helped risk assets with dollar index moving higher and equities rallying across globe.
The USD-INR pair continues to trade in the 66.50-67/dollar range with intervention keeping it in a very tight range, as FCNR redemptions continue,” he said. The dollar jumped after Democratic party candidate Hillary Clinton gets eleventh-hour election boost . The dollar strengthened for the first time in seven days against its peers after FBI’s decision to absolve Hilary Clinton boosted demand for riskier assets.
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