The Indian rupee opened lower by 12 paise at 68.08/dollar on Monday versus 67.96 Friday.
Pramit Brahmbhatt of Veracity said, “We expect the INR to trade with negative bias. Brexit will put more pressure on the rupee.”
“The trading range for the USD-INR pair is seen between 67.80-68.20 per dollar,” he said.
Pound extended its selloff near a 31-year low as the fallout from the United Kingdom’s vote to exit the European Union stoked anxiety among investors around the world.