Rupee slips 13 paise; opens at 67.21 per dollar

We expect the USD-INR pair to trade between 66.50-67.50/dollar in the near term, says Ashutosh Raina of HDFC Bank.

The Indian rupee opened lower by 13 paise at 67.21 per dollar on Tuesday versus 67.08 Friday. Ashutosh Raina of HDFC Bank said, "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." Read More - Stock Tips 

 

"We expect the USD-INR pair to trade between 66.50-67.50/dollar in the near term," he said. The dollar fell against a basket of currencies as big gains in oil prices rekindled demand for the euro and commodity-sensitive currencies.

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