Today Rupee Declines 66 paisa , Opens at 67.91 per Dollar At Currency Market
The Indian rupee declined in the opening trade on Friday ahead of Brexit referendum. It has opened lower by 66 paise at 67.91 per dollar versus previous close of 67.25.
The pound collapsed to its lowest level since 1985 as it down 10 percent against US dollar ahead of Brexit concern.
US DOLLAR INDEX (USD)
The pound collapsed to its lowest level since 1985 as it down 10 percent against US dollar ahead of Brexit concern.
US DOLLAR INDEX (USD)
Markets have been trading in a volatile manner since the last 3 - 4 days owing to the looming concerns over EU Referendum which has spread across the markets. Yesterday the US Dollar slumped by 0.2 percent as markets rejoiced the lead for "Remain" campaign in the polls that were held prior to voting. However the latest scenario shows altogether a different picture . Early voting count shows a major lead in ‘ Britain leaving EU’ campaign. US Dollar Index made an intraday low of 93. 68 and closed at 93.53 on Thursday.
OUTLOOK
From the intra - day perspective, Rupee is likely to depreciate as demand for safe - haven DX will rise as latest vote count suggested lead for Leave campaign.
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