Tuesday, 11 August 2015

Today Indian Rupees Update

The Indian rupee plunged in early trade Tuesday. The currency has opened lower by 29 paise at 64.16 per dollar against previous close of 63.87. 

Tirthankar Patnaik of Mizuho Bank said, "Expect rupee to remain weak in the medium-term as Indian equities align with global risk-off concerns and incremental disappointment on reform process by the government."

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