The Indian Rupee Opened Higher By 6 Paise At 63.98 Per Dollar On Wednesday - Dollar Advisory Financial Services

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Wednesday 13 September 2017

The Indian Rupee Opened Higher By 6 Paise At 63.98 Per Dollar On Wednesday

The Indian rupee opened higher by 6 paise at 63.98 per dollar on Wednesday against the level of 64.04 on Tuesday.

Pramit Brahmbhatt of Veracity said, "Easing of North Korea problem helped dollar find support at 63.80 mark. As far as it trades above 63.80, bias will remain positive towards dollar." "Trading range for the spot USD-INR pair will be 63.80-64.20," he added.

The dollar extended its sharp rally against the yen, although it was capped against the euro with a potentially supportive spike in US yields neutralized by a similar move by their German counterparts.

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