The Indian rupee opened marginally lower at 66.95 per dollar on Wednesday versus Monday’s close 66.92. Ashutosh Raina of HDFC Bank said, “The USD/INR currency pair continues to hover around the 67/dollar level tracking the global risk on sentiment, with gains getting capped by suspected intervention.
Expect the pair to trade in 66.80-67.10/dollar range for today,” he said. Dollar index rose against a basket of currencies, following hawkish comments from Federal Reserve officials, while european political uncertainty also boosted the dollar.
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