Wednesday, 16 March 2016

Intraday Rupee Opens Marginally Higher at 67.35 per Dollar

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The Indian rupee opened marginally higher at 67.35 per dollar on Wednesday versus previous close of 67.38. 


"Weakness in global equity market will cause weakness in domestic equity market and rupee will depreciate further continuing with yesterday's pain. 


A levels of 67.50/dollar will have meaningful support for rupee." "Moreover, ahead of key event fed interest rate decision lined up on Wednesday, we foresee rupee to trade with volatility." 


"Trading range for the day will be 66.80-67.50/dollar," he added.

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