The Indian rupee slipped in the early trade on Tuesday. It has opened lower by 11 paise at 67.22 per dollar versus 67.11 Monday.
The Indian rupee slipped in the early trade on Tuesday. It has opened lower by 11 paise at 67.22 per dollar versus 67.11 Monday. Ashutosh Raina of HDFC Bank said, "The market will be keenly awaiting the outcome of the crucial FOMC meet starting today. The USD-INR pair continues to gain from recent lows on the back of improvement in risk sentiment with oil and commodity prices moving higher, coupled with overall dollar weakness." "We expect the pair to continue trading between 66.50-67.50/dollar in the near term, with support expected at lower levels," he added. The dollar held on to its gains against major currencies ahead of the Fed meet.
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