Forex Market News

Rupee Opens Lower At 68.23 Per Dollar

The Indian rupee opened lower by 8 paise at 68.23 per dollar on Monday versus 68.15 Friday. Pramit Brahmbhatt of Veracity said, “The USD will trade with a positive bias considering weak cues from global as well as domestic equity market.
The trading range for spot USD-INR pair will be 68-68.50/dollar.” Pound tumbled followed media reports that suggest that UK’s Prime Minister Theresa May’s government was prepared to make a “hard” or “clean” exit from the European Union, ahead of her speech tomorrow.
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