The Indian Rupee Opened Lower By 7 Paise At 64.65 Per Dollar On Monday - Dollar Advisory Financial Services

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Monday 3 July 2017

The Indian Rupee Opened Lower By 7 Paise At 64.65 Per Dollar On Monday

The Indian rupee opened lower by 7 paise at 64.65 per dollar on Monday versus 64.58 Friday.

India has received USD 1.8 billion of inflows, driven by USD 943 million of ETF inflows and USD 856 million of non-ETF inflows, he added.

He further said Global Emerging Market funds saw USD 988 million of inflows, led by USD 617 million of ETF inflows. India-dedicated funds saw an inflow of USD 614 million, he added.

Allocations to India and China constitute more than one-third of the average Asia ex-Japan fund portfolio. Allocation to India by Asia ex-Japan funds has come down to 13.3 percent in May from 13.6 percent in April.

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