| Date: |
16-02-2016 |
| Subject: |
Rupee retreats, opens 7 paise lower at 68.06/dollar |
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The Indian rupee erased some previous day's gains in early trade Tuesday. The currency has opened at 68.13 a dollar, down 7 paise compared to 68.06 a dollar in previous session.
Ashutosh Raina, HDFC Bank says the return of risk sentiment after some signs of stability in Chinese currency coupled with oil cementing its recent gains resulted in global equities rallying from recent lows and US dollar gaining against most currencies.
According to him, the USD-INR pair continues to trade in a Rs 67.50-68.50/USD range, with the central bank support coming in at lower levels.
Source : moneycontrol.com
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