Rupee opens at 68.48 per dollar; slips 10 paise

US treasury yields go higher and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Markets » Rupee

Dec 01, 2016, 09.02 AM | Source: Moneycontrol.com

Rupee opens at 68.48 per dollar; slips 10 paise

US treasury yields go higher and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.

Like this story, share it with millions of investors on M3

Rupee opens at 68.48 per dollar; slips 10 paise

US treasury yields go higher and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.

Post Your Comments

Share Cancel

The Indian rupee slipped in the early trade on Thursday. It has opened lower by 10 paise at 68.48 per dollar versus previous close 68.38.

Mohan Shenoi of Kotak Mahindra Bank said, "Oil prices have risen on the back of OPEC decision to cut production. Strong US data makes December rate hike near certain."

"US treasury yields go higher and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/dollar for the day," he added.

Also Read - RBI eases cash balance requirement for banks

The US dollar surged to a 9-month high against the yen and also gains against the euro and Swiss Franc after a surge in oil prices pushed US treasury yields higher.
Buy, Hold, Sell ? Hear it first on M3
Rupee opens at 68.48 per dollar; slips 10 paise

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login