Breaking News

Indian rupee opens higher by 12 paise at 68.30 per dollar

The Indian rupee opened higher by 12 paise at 68.30 per dollar on Thursday versus previous close 68.42.

Rupee continued to remain under pressure against the US dollar and fell to the lowest level since November 2016 following surge in global crude prices and FII fund outflows from equity and debt segment.

Strength in the dollar against its major crosses ahead of important FOMC meeting minutes also weighed on the rupee. Minutes showed that Federal Reserve officials expect another rate hike is on its way soon.

Share Market Tips

No comments