Rupee down 12 paise; opens at 68.49 per dollar

The USD-INR pair is expected to take cues from the equity market and trade in a range of 68.20-68.45/dollar today, says NS Venkatesh of IDBI Bank

February 17, 2016 / 09:06 IST

The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday.NS Venkatesh of IDBI Bank said, "The rupee closed weaker against the dollar due to dollar-demand by importers.""The USD-INR pair is expected to take cues from the equity market and trade in a range of 68.20-68.45/dollar today," he added.Dollar rose against most major currencies. But, the Japanese yen rose against the dollar as the oil deal left some investors unsatisfied and buying the safe-haven currency.

first published: Feb 17, 2016 09:06 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347