Tuesday, 29 March 2016

Rupee Opens Marginally Higher at 66.48 per Dollar

The Indian rupee opened marginally higher at 66.48 per dollar on Wednesday against previous close of 66.54. 

 "The rupee ended stronger versus the dollar yesterday. We saw custodial banks selling dollars and FIIs providing support to the rupee." 

"Dollar demand from importers due to year end will be high. The dollar index is showing signs of weakness post Yellen's comments." 

"We expect the rupee to trade in a range of 66.45-66.60/dollar today," he added.

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