Rupee Opens Marginally lower At 66.72 per Dollar

The Indian rupee has opened marginally lower at 66.72 a dollar on Tuesday compared to 66.61 a dollar in previous session. 

 

The Indian rupee has opened marginally lower at 66.72 a dollar on Tuesday compared to 66.61 a dollar in previous session. Ashutosh Raina, HDFC Bank says the crucial 2-day FOMC meeting starts today with market expectations of no rate action. However, the statements following the policy will be keenly analysed, he adds.
 

According to him, the USD-INR pair continues to trade in the Rs 66-67/USD range. He expects the pair to trade in this range awaiting the outcome from FOMC. 

 

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