Rupee slips below 68/$; opens lower by 21 paise at 68.19/$

Currency Tips - The range for the day will be 67.5-68.25/dollar, says Pramit Brahmbhatt of Veracity.The Indian rupee slipped below 68 mark in the early trade on Wednesday. It has opened lower by 21 paise at 68.19 per dollar against previous close of 67.98.

Pramit Brahmbhatt of Veracity said ,"Taking cues from global equity market sell-off, expect rupee to depreciate further and will head towards 68.50/dollar mark. The range for the day will be 67.5-68.25/dollar."
 

US dollar fell against the euro and yen after a drop in oil prices suggested US inflation would stay low and prevent the Federal Reserve from hiking interest rates at a steady pace this year.

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