The Indian Rupee Slipped In The Early Trade On Monday - Dollar Advisory & Financial Services

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Monday 13 November 2017

The Indian Rupee Slipped In The Early Trade On Monday

The Indian rupee slipped in the early trade on Monday. It has opened lower by 21 paise at 65.37 per dollar versus 65.16 Friday.

Pramit Brahmbhatt of Veracity said, "We have a neutral stance on the USD-INR, however the bias would remain positive for the rupee."

"We expect the spot USD-INR pair to continue to trade in a range of 64.80-65.20," he added.

The dollar received a lift against its major peers as US yields spiked and as the pound stumbled, although the main investor focus was still on a planned US tax overhaul.

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