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Rupee Opens Lower As Month-End Demand For Dollar Increases


The Indian rupee opened lower in Wednesday's session with a loss of some 6 paise at 69.75 per versus previous close 69.69 per dollar.

The currency on Tuesday lost and ended lower due to a sudden month-end demand for the greenback from importers. Also, gain at crude oil prices, kept gains in rupee under check.

Rupee Opens Lower As Month-End Demand For Dollar Increases

Rupee's direction will further be determined by GDP and fiscal number due to be released later this week.

So, the far rupee has remained in a narrow range.

Read more about: rupee dollar importers crude oil gdp
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