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The Indian Rupee opened lower by 8 paise at 64.64 per Dollar on Friday versus previous close 64.56. The markets are keenly watching the upcoming French elections, which should decide the future risk tone." Expect the USD-INR currency pair to trade in the 64.50-64.80/Dollar range for today.
The Dollar remained weak against a basket of major currencies as the latest data on domestic jobless claims, while the euro rose to a three-week high against the US Dollar ahead of the first round of the French presidential elections on Sunday.