Indian rupee appreciates by 9 paise to close at 67.08 agsinst US dollar. Indian rupee ended 9 paise up at 67.08 against the US dollar at the Interbank Foreign Exchange market following a mixed set of US economic data amid rally in domestic stock markets.
Anindya Banerjee, Associate Vice President for Currency Derivatives with Kotak Securities, told IANS: "We could continue to expect RBI to buy US dollar as speculative hot money is causing rupee to gain against its peers, like yuan.
Indian rupee remained weak through out the day on Monday and closed 12 paise down at 67.19 against US dollar at Interbank Foreign Exchange as demand for the American currency increased among importers and banks amid weakness in yuan and yen.
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.
Reserve Bank of India Governor Raghuram G Rajan on Monday said that the value of the Indian rupee now was pretty reasonable and one should not think of tinkering with it for the sake of achieving any financial objectives including on the export front ...