Indian rupee opened marginally lower
The Indian rupee opened marginally lower at 67.47 per dollar on Tuesday versus 67.42 on Friday.
Yuan remains under pressure, failing to capitalise from moderate
softness in US dollar. Investors remain apprehensive regarding Donald
Trump’s aggressive stance on China. Moreover, the President-elect has
re-ignited controversy by directly interacting with Taiwanese
authorities and giving birth to speculation regarding the end to US’s
“One-China” policy. Meanwhile, Turkish Lira tumbled as the country’s
economy contracted for the first time since 2009.
The Reserve Bank of India’s (RBI) reference rate as on December 09,
2016, for the dollar stood at 67.58 while for the Euro it was 71.76. The
RBI’s reference rate for the Yen stood at 59.06; reference rate for the
Great Britain Pound (GBP) stood at 85.12.
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