Forex Market News

Rupee Opens Marginally Higher At 66.90 Per Dollar

The Indian rupee opened marginally higher at 66.90 per dollar on Monday versus 66.88 Friday. Pramit Brahmbhatt of Veracity said, “Rupee will trade flat with positive bias. Positive cues from equity market will help rupee. A level of 66.80 is crucial resistance. Trading range for the spot USD/INR will be 66.80 to 67/USD.
The dollar rose against the yen on relief that US President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy.
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