The Indian Rupee Opened Flat At 64.58 Per Dollar On Friday - Dollar Advisory Financial Services

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Friday 24 November 2017

The Indian Rupee Opened Flat At 64.58 Per Dollar On Friday

The Indian rupee opened flat at 64.58 per dollar on Friday versus previous close 64.58.

Bhaskar Panda of HDFC Bank said, "The dollar had lost some sheen yesterday after FOMC minutes cautious about inflation. 

In Indian markets, the rupee gained on the hopes of a favourable S&P decision after Moody's upgraded India ratings."

"Expect USD-INR pair to trade within a range of 64.50-64.70 today with a further appreciation bias."

Asian markets were mixed, following a relatively quiet overnight trading session as U.S. markets had been closed for the Thanksgiving holiday.

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