Indian rupee opens higher at 68.52 per dollar

Today, USD-INR pair is expected to quote in the range of 68.50 and 69.05…


The Indian rupee opened higher by 6 paise at 68.52 per dollar on Wednesday versus previous close 68.58.

The USD-INR pair seems to be losing steam for further up move as the dollar lost some of its gains against its major crosses. Volatility in global crude oil prices continue to remain high as supply constraints from Libya and Canada kept prices supported on lower levels, said Motilal Oswal.

Yesterday, crude rose to the highest level since November,2014 after API inventory showed drawdown of 4.5mbpd. On the domestic front, no major economic data is expected to be released and the rupee could determine its trend from the move in the dollar. Today, USD-INR pair is expected to quote in the range of 68.50 and 69.05, it added.

Two days Free Trials and best services packages  for dealing in Stock market click here to get >> Ripples Advisory or One Missed call on @9644405056

Please follow and like us:

About admin

The stock market refers to any market arena where dealings of securities including equities, bonds, currencies, and derivatives occurs. Ripples Advisory Private Limited, Indore is the one who undertakes a wide range of competence, and our client’s services are boosts by our knowledge of regional risks and markets to inform the quirky financial, risk managing and regulatory appeals that they face.
View all posts by admin →