Indian rupee rebounds 12 paise against US dollar in early trade. The Indian rupee shook off some of its earlier weakness and recovered 12 paise to 67.84 against the dollar today on increased selling of the US currency by banks and exporters.
Brexit has roiled global financial markets and impacted currencies across the globe. Rupee is slated to gyrate between 67.65 and 69.30 to the dollar between now and July 27, options expiring next month indicate.
MUMBAI—India's rupee has been the worst-performing major Asian currency this year, and, with a change coming atop the central bank and sizable foreign-currency repayments pending, it is poised to lose more value in coming weeks, analysts said.
Bankers, investment managers and financial services experts Forbes India spoke to, say the Indian rupee will be under “considerable pressure” to the dollar and cite it as a major concern in coming months.