The Indian Rupee Opened Lower By 11 Paise At 64.90 Per Dollar On Wednesday - Dollar Advisory & Financial Services

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Wednesday 21 February 2018

The Indian Rupee Opened Lower By 11 Paise At 64.90 Per Dollar On Wednesday

The Indian rupee opened lower by 11 paise at 64.90 per dollar on Wednesday versus previous close 64.79.

Pramit Brahmbhatt of Veracity said, "Rupee will trade with a negative bias on back of stronger dollar as well as weakness in the domestic equity market. 64.80 is the immediate support for the rupee and more weakness can be seen beyond the support."

"The trading range for the spot USD-INR is expected to be 64.50-65," he added.

The US dollar rose to a six-year high as it extends the rebound from a three-year low helped by rising treasury yields and profit-booking by forex traders.

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