Rupee to remain under pressure; may trade in 68.30-68.80/$

The rupee may see a gap down opening as signs for India are not looking good. High crude oil prices, Syrian crisis and global strengthening of the US dollar, will all put pressure on the rupee.

Dealers feel the currency may trade between 68.30/USD to 68.80/USD in the early morning trade and then take cues from equity markets and other developments in the world, reports CNBC-TV18’s Executive Editor Latha Venkatesh.

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The Indian currency on Tuesday breached the psychological 68-mark in the last few hours of trade before closing at 67.63/USD. The Reserve Bank (RBI) was believed to have pulled down the rupee considerably below the 68-mark.