Rupee Opens At 68.08 Per Dollar; Gains 13 Paise

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The Indian rupee has opened higher by 13 paise at 68.08 per dollar on Tuesday against previous close 68.21. Bhaskar Panda of HDFC Bank says Dollar Index has been taking a beating after recent highs.

Given this background, the USD-INR pair is expected to trade within a range of 67.90–68.20/dollar today, he feels. US dollar weakened against the safe-haven yen as investors’ reduced appetite for risk The pound declined to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit.