Rupee opens 7 paise lower at 67.90/$

On the global front, US dollar continues to gain ground against currencies of commodity exporting economies. In this respect, Russian Ruble, South African Rand and Turkish Lira have weakened substantially during the past few trading sessions.

Indian Rupee opened at 67.90/$,down 7 paise in early trade on Tuesday as against the previous close of 67.83/$. On the global front, US dollar continues to gain ground against currencies of commodity exporting economies. In this respect, Russian Ruble, South African Rand and Turkish Lira have weakened substantially during the past few trading sessions.

On Monday, the rupee ended at 67.83/$, weaker by 21  paise.The currency touched a high and low of 67.85 and 67.95 respectively.The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.64 and for Euro stood at 73.12 on January 25, 2016. While, the RBI’s reference rate for the Yen stood at 56.93, the reference rate for the Great Britain Pound (GBP) stood at 96.7360.