The trading range for the day is seen between 67-67.50/dollar, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened flat at 67.25 per dollar on Wednesday against previous close of 67.26. Pramit Brahmbhatt of Veracity said,
"Rupee can remain under pressure due to global events. If Indian equity market trades positively on the back of GST news then the rupee may get some support near 67.50/dollar levels."
"The trading range for the day is seen between 67-67.50/dollar," he added. The yuan slipped to its weakest level since early February in offshore trading after MSCI Inc. denied local equities entry into their indexes. The pound was near a two-month low on Brexit concerns.
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