The Indian rupee opened higher by 13 paise at 67.55/dollar on Thursday versus 67.68 Wednesday.
Kotak Mahindra’ Bank Mohan Shenoi said, “Consolidation is expected to continue in a choppy currency market. Rupee has recovered well post Britain exit vote and has settled in a range.”
“Trading range for the day is seen at 67.30-67.60/dollar,” he said.
The pound extended its advance from a 3 decade low as traders took advantage of the global market rout to go on a buying spree. The dollar index slips to 95 levels.