Tuesday, 2 May 2017

2nd May 2017- Indian Rupee opens higher at 64.18 per Dollar

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The Indian rupee opened marginally higher at 64.18 per dollar on Tuesday versus 64.24 Friday.

US yields rose on Monday on the back of Mnuchin's comments. But Dollar index remained glued just above the 99 mark."

"The USD-INR pair has been consolidating above the 64/dollar mark. Today, I expect the pair to start around 64.25/dollar level and trade in an intraday range of 64.15-64.35/dollar range."

"The 10-year benchmark yield is expected to trade within the 6.95-97 percent range," he added.

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