Rupee hits fresh 2-year low, opens lower at 65.42/$ - 19 Aug 2015

Expect USD-INR to trade between the 65-65.50/dollar range. RBI is expected to support the currency and limit the volatility, says Ashutosh Raina of HDFC Bank.

             

The Indian rupee has touched a fresh two-year low in early trade Wednesday. It has opened lower by 10 paise at 65.40 per dollar on Wednesday against Monday's closing value of 65.32 a dollar. The currency market was shut on Tuesday."Expect the pair to trade between the 65-65.50/dollar range. RBI is expected to support the currency and limit the volatility,"

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