The Indian Rupee Opened Flat At 68.69 Per Dollar On Friday - Dollar Advisory Financial Services

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Friday 3 August 2018

The Indian Rupee Opened Flat At 68.69 Per Dollar On Friday

The Indian rupee opened flat at 68.69 per dollar on Friday versus 68.70 yesterday.

Rupee fell sharply following broad strength in the US dollar against its major crosses after the Federal Reserve held rates unchanged but hinted towards gradual rate hike in the coming months.

Earlier this week, RBI in its policy statement considered raising rates by 25bps but retained its neutral stance as it aimed to contain inflation while not choking growth, said Motilal Oswal.

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