Wednesday, January 27, 2016

Rupee down by 13 paise against USD at 67.96 27 Jan

Indian currency : Today, the INR(rupee) depreciated 13 paise to 67.96 against the US(United States) dollar in early trade ahead of the outcome of US Federal Reserve's two-day policy meet later in the day.

The local currency ended at 67.83 against the greenback on day before yesterday.

The currency market was closed on yesterday on account of celebrations of Republic Day. Experts & traders hopes that given the Fed policy outcome on yesterday and Bank of Japan's policy review on Friday last week, the currency may remain volatile in the extreme short term. RBI intervention will hold the key, they told.

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