The Indian Rupee Opened Lower By 12 Paise At 67.60 Per Dollar On Wednesday

The Indian rupee opened lower by 12 paise at 67.60 per dollar on Wednesday against previous close 67.48.

Volatility for the USD-INR pair was confined to a narrow range in the past few sessions, but today is expected to open higher at 67.70 levels following weaker-than-expected economic numbers on the domestic front. 

Data released by CSO showed India’s inflation in May rose 4.87% compared to 4.53% in the previous month on back of higher fuel prices, said Motilal Oswal.

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