The Indian rupee opened marginally lower at 68.67 on Wednesday per dollar versus 68.65 Tuesday. NS Venkatesh of Lakshmi Vilas Bank said, “The expectation is that the market will take cues from the equity market as well as the dollar index movement. Hence, it is expected that the USD-INR will trade in the range of 68.50-68.80/dollar.
The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events including the Federal Reserve’s December policy meeting.
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