Forex Market News

Rupee Opens On Flat Note At 64.92 Per Dollar

The Indian rupee has opened on a flat note at 64.92 against the US dollar. Ashutosh Raina of HDFC Bank says the continued year-end portfolio flows getting absorbed by the intervention bids, continue in the USD-INR pair, with the pair trading close to crucial 64.80-64.85 per dollar technical level.
He expects the pair to trade in the 64.75-65.15 per dollar range for the day.The dollar rose as a combination of technical trading and a theme of strong US economic data and potential weakness in the euro zone weighed down the continental currency.
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