Tuesday, 31 May 2016

Rupee Opens Flat at 67.15 per Dollar

Indian rupee opened flat at 67.15 per dollar on Tuesday against previous close of 67.16. 

"The continued hawkish Fed speak seems to be preparing the markets for a possible Fed hike soon. 

The USD-INR pair has been trading in the 67-67.50/dollar range with prospects of a good monsoon and possibility of GST bill getting passed in Monsoon session of Parliament helping the pair." 

"We expect the pair to continue trading in this range in the near term," he added.

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