Moneycontrol PRO
Loans
HomeNewsBusinessMarketsRupee opens at 68.15 per dollar; slips 10 paise

Rupee opens at 68.15 per dollar; slips 10 paise

We expect the USD-INR to trade in a range of 68.05-68.40/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.

January 28, 2016 / 09:02 IST

The Indian rupee opened lower by 10 paise at 68.15 per dollar on Thursday against previous close of 68.05.Mohan Shenoi of Kotak Mahindra Bank said, "As expected, the FOMC has kept policy rates unchanged. Due to adverse global financial developments, odds of a hike in March have also fallen. Number of hikes anticipated this year has fallen to 2-3 from 3-4 earlier."He further added, "The rupee is impacted more by global developments than any local factors.""We expect the USD-INR to trade in a range of 68.05-68.40/dollar today," he said.Also Read - Rajan to wait for Budget roadmap before next rate cut: HSBCThe dollar weakened against the euro and the yen after the Federal Reserve left interest rates unchanged.

first published: Jan 28, 2016 09:02 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