Rupee opens lower at 68.23 per dollar : 16.01.2017

Rupee opens lower at 68.23 per dollar : 16.01.2017
USD-INR pair will be 68-68.50/dollar, Veracity.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The Indian rupee opened lower by 8 paise at 68.23 per dollar on Monday versus 68.15 Friday. Veracity said, "The USD will trade with a positive bias considering weak cues from global as well as domestic equity market. The trading range for spot USD-INR pair will be 68-68.50/dollar." Pound tumbled followed media reports that suggest that UK's Prime Minister Theresa May's government was prepared to make a "hard" or "clean" exit from the European Union, ahead of her speech tomorrow.