INDIAN RUPEE NEWS 28 JANUARY 2016

The Indian rupee opened lower by 10 paise at 68.15 per dollar on Thursday against previous close of 68.05.

Mohan Shenoi of Kotak Mahindra Bank said, "As expected, the FOMC has kept policy rates unchanged. Due to adverse global financial developments, odds of a hike in March have also fallen. Number of hikes anticipated this year has fallen to 2-3 from 3-4 earlier."

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