Forex Market News

Rupee Opens At 68.48 Per Dollar; Slips 10 Paise

The Indian rupee slipped in the early trade on Thursday. It has opened lower by 10 paise at 68.48 per dollar versus previous close 68.38. Mohan Shenoi of Kotak Mahindra Bank said, “Oil prices have risen on the back of OPEC decision to cut production. Strong US data makes December rate hike near certain.” “US treasury yields go higher and dollar strength against global majors continues.
We expect the USD-INR to trade in a range of 68.45-68.80/dollar for the day,” he added. The US dollar surged to a 9-month high against the yen and also gains against the euro and Swiss Franc after a surge in oil prices pushed US treasury yields higher.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s