The rupee is trading lower at 63.4175/4250 vs Monday’s close of 63.24/25. Month-end dollar demand from oil companies hurts the Indian unit.
Dollar rises on expectations of a rate hike by U.S. Fed sometime next year.
Month-end dollar demand from oil companies fueled gains.
The pair is seen in 63.25 to 63.45 range during the day.
Anirban Kalita is Executive Editor of News Section. His role is also involved with reviewing, editing of articles before publishing.
By academic Anirban is MTech of Computer Science & Technology.