Daily Forex Outlook

The Rupee opened weaker as compared to yesterday’s close. The further movement of the pair will be decided by the movement of the stock market and month-end importers’ demand particularly from Oil Companies.
Daily Forex Outlook

The Rupee opened marginally weaker tracking weaker Asian currencies ahead of two day Fed Reserve meeting amid concerns about a potential early roll down of the US monetary stimulus. The Rupee appreciated in early hour trading due to corporate selling. The movement of Rupee may be driven by the global economic development & local share market movement.