The Indian Rupee Has Opened Higher By 18 Paise At 64.12 Per Dollar - Dollar Advisory & Financial Services

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Monday 15 May 2017

The Indian Rupee Has Opened Higher By 18 Paise At 64.12 Per Dollar

The Indian rupee has opened higher by 18 paise at 64.12 per dollar against Friday's closing of 64.30.

Pramit Brahmbhatt of Veracity feels weak economic data released on last Friday as well as positive cues from domestic equity market may trigger a fall in the dollar.

According to him, the rupee may breach 64.20/dollar levels and the spot USD-INR pair is likely to trade in the range of 64-64.40/dollar.

The dollar index is slightly lower against a basket of major currencies after US economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safe-haven yen.

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