The Indian Rupee Opened Higher By 7 Paise At 67.08 Per Dollar On Wednesday - Dollar Advisory & Financial Services

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Wednesday 6 June 2018

The Indian Rupee Opened Higher By 7 Paise At 67.08 Per Dollar On Wednesday

The Indian rupee opened higher by 7 paise at 67.08 per dollar on Wednesday versus 67.15 yesterday.

In the last few sessions rupee is consolidating in a range of 66.90 and 67.35 as most market participants are cautious ahead of the important RBI policy statement that will be released later today.

Expectation is that the central bank could hold rates but at the same time could change its stance from ‘Neutral’ to ‘Hawkish’, said motilal Oswal.

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