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Last Updated : Jun 24, 2016 09:31 AM IST | Source:

Rupee declines 66 paise, opens at 67.91 per dollar

It has opened lower by 66 paise at 67.91 per dollar versus previous close of 67.25.

The Indian rupee declined in the opening trade on Friday ahead of Brexit referendum.

It has opened lower by 66 paise at 67.91 per dollar versus previous close of 67.25.

Devesh Divya, Asia FX Strategist at Standard Chartered Bank said, "Brexit will see a massive risk-off event for global markets, dollar/rupee will move sharply higher, which may see Central Bank's intervention but if its Bremain, we may see pullback on dollar/rupee."

Also Read - Severe rupee volatility could prompt RBI intervention: Stan C

The pound collapsed to its lowest level since 1985 as it down 10 percent against US dollar ahead of Brexit concern.

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First Published on Jun 24, 2016 09:07 am
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