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The Indian Rupee opened flat at 64.42 per Dollar on Monday versus 64.41 Thursday. The pessimism that persists on the backof geopolitical situation and weak cues from domestic equity market will be the reason for Rupee to depreciate today. Expected the USD-INR pair to trade in a range of 64.20-64.80/Dollar today.
The Dollar dipped to a five-month low against the yen as rising tensions over North Korea kept the safe-haven Japanese currency in demand. The Dollar is trading at its lowest level since mid-November.
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