Rupee opens Marginally Higher at 67.13 per Dollar

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The Indian rupee opened marginally higher at 67.13 per dollar on Tuesday versus previous close 67.17. 

"The probability of a US rate hike this year has increased substantially, after the recent hawkish commentary from Fed Chief, Yellen and other senior Fed officials. 

The USD has gained broadly against most of the major and EM currencies." He further added, "The USD-INR pair continues to trade in a tight range. We expect the pair to continue trading in the 67-67.50/dollar range in the near term."

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