Indian Rupee Opens Lower At 67.17 Per Dollar

The Indian rupee opened marginally lower at 67.17 per dollar on Tuesday versus previous close 67.13.

Anand James, Chief Market Strategist at Geojit Financial Services said, "With WTI oil also pushing above 70, rupee resumed the weakness pushing beyond 67. FIIs continue to be net sellers in Indian equities, adding further pressure on the rupee. To this end, CPI release scheduled later this week will be viewed with interest."

"Markets participants also watched the RBI's recent move to conduct OMO; to buy government bonds worth up to Rs 10,000 crore on May 17," he added.

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