Rupee Opens Lower By 8 Paise at 68.65 per Dollar

The USD-INR pair is expected to take cues from the equity market today and trade in the range of 68.48-68.62/dollar, says NS Venkatesh of IDBI Bank.

The Indian rupee has opened lower by 8 paise at 68.65 per dollar on Wednesday against previous close of 68.57. NS Venkatesh of IDBI Bank said, "The rupee strengthened marginally and closed at 68.59/dollar on account of dollar sales by PSU banks." "The rupee has been one of the worst performers in the Asian currencies this calendar year with a depreciation of 3.55 percent." "The USD-INR pair is expected to take cues from the equity market today and trade in the range of 68.48-68.62/dollar," he added.
 

The Japanese currency climbed to a two-week peak against the dollar as fall in equities revives demand for safe-haven currencies.

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