Tuesday 16 June 2015

Indian rupee opens higher at 64.18 per dollar

Weakness in domestic equities may also keep INR under pressure. Range for the day is seen between 63.85-64.38/dollar, says Himanshu Arora of Religare.

The Indian rupee opened marginally higher at 64.18 per dollar on Wednesday against previous close of 64.24.   The dollar edges higher, as US housing data encouraged speculation that the Federal Reserve will soon raise interest rates and it was further strengthened by worries that Greece was tilting towards debt default dragged on the euro.    The dollar index inches towards the 95 mark.





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