Rupee opens higher at 66.71 per dollar:1.11.2016
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The USD-INR pair continues to trade in a narrow range. Expect the pair to continue trading in a range of 66.50-67/dollar, as support from the Central Bank is expected to continue with FCNR redemptions underway, HDFC Bank.
The Indian rupee opened higher by 8 paise at 66.71 per dollar on Tuesday versus 66.79 Friday. HDFC Bank said, "The currencies continue to trade in a very narrow range ahead of the US Presidential election next week. The two-day FOMC starting today is expected to maintain status quo." "The USD-INR pair continues to trade in a narrow range. We expect the pair to continue trading in a range of 66.50-67/dollar, as support from the Central Bank is expected to continue with FCNR redemptions underway." The dollar edged lower as the final days of the contentious US presidential campaign overshadowed other major market events, as investors weighed the latest concerns about an FBI investigation into Hillary Clinton's use of a private email server.
The USD-INR pair continues to trade in a narrow range. Expect the pair to continue trading in a range of 66.50-67/dollar, as support from the Central Bank is expected to continue with FCNR redemptions underway, HDFC Bank.
The Indian rupee opened higher by 8 paise at 66.71 per dollar on Tuesday versus 66.79 Friday. HDFC Bank said, "The currencies continue to trade in a very narrow range ahead of the US Presidential election next week. The two-day FOMC starting today is expected to maintain status quo." "The USD-INR pair continues to trade in a narrow range. We expect the pair to continue trading in a range of 66.50-67/dollar, as support from the Central Bank is expected to continue with FCNR redemptions underway." The dollar edged lower as the final days of the contentious US presidential campaign overshadowed other major market events, as investors weighed the latest concerns about an FBI investigation into Hillary Clinton's use of a private email server.