The Indian Rupee Opened Higher By 7 Paise At 64.89 Per Dollar On Wednesday

The Indian rupee opened higher by 7 paise at 64.89 per dollar on Wednesday against previous close 64.96.

Pramit Brahmbhatt of Veracity said, "The rupee will be under pressure on the back of FII outflow and negative cues from the domestic equity market."

He further added, "We expect the spot USD-INR pair to trade in a range of 64.80-65.20 today." The dollar slumped in trade after news of Gary Cohn, a key advocate for free trade in the white house announced his resignation, fanning fears of a trade war.

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