Friday, 26 May 2017

Indian Rupee opens higher at 64.56 per Dollar- Daily Intraday Tips-

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The Indian rupee opened with marginal gain of 5 paise at 64.56 per dollar on Friday versus previous close 64.61.

The USD-INR currency pair has been trading in the 64.50-65 range, with the cross-border tensions limiting the gains. Expected pair to trade in the is 64.40-64.90 range for today.

The bonds are stuck in a very narrow range with 10-year bonds trading in the 6.75-6.80 percent range after their recent rally from tops. Expect the trend to continue.

The dollar index fell against a basket of major currencies following Wednesday's Fed minutes dialled down some expectations of the central bank hiking interest rates soon.

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