Rupee Opens Lower At 67.45

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    The domestic unit opened lower at 67.45 a dollar, down by 4 paisa against yesterday's close of 67.41 as the rupee got a boost from positive trading sentiment plus likelihood of good GDP Q4 numbers.

    Rupee Opens Lower At 67.45

    Also, the dollar selling by exporters and banks gave a push to the home currency against the greenback.

    Ahead of the GDP data, there was seen a range-bound trade in the domestic currency in Thursday's trade as the dealers were largely cautious.

    GDP data released after market hours showed remarkable growth momentum at 7.7% for the last quarter ended March and 6.7 per cent for the entire fiscal year 2017-18. The growth in the infrastructure sector came in at 4.7% for the month of April in contrast to the 2.6% growth rate witnessed during the same period a year ago.

    Globally, the crude oil moderated in price due to expectations of output easing by the OPEC and all-time high production in the US.

    The fiscal deficit of the country for the year ended March 2018 was reported in line with estimates at 3.53% of GDP.

    For the day, the rupee is expected to quote in the range of 67.50-67.90.

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