Friday, 12 February 2016

MarketMagnify News: Rupee opens at 68.38 per dollar; down 9 paise

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The Indian rupee opened lower by 9 paise at 68.38 per dollar on Friday against 68.29 Thursday. 

Pramit Brahmbhatt of Veracity said, "Strong positive move in gold and carnage in global as well as domestic equity markets indicate that rupee will continue to depreciate." 

"We expect the rupee to head towards 68.50/dollar levels. For the day, we will see rupee trading in a range of 68-68.50/dollar." he added.

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