Thursday, 18 May 2017

Indian Rupee opens weak at 64.34 per Dollar >> Get Free Stock Tips

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The Indian Rupee opened lower by 19 at 64.34 per Dollar on Thursday versus previous close 64.15.

The Dollar weakened against most currencies due to political developments and mixed data from the US. The Rupee is well supported on the back of custodial flows into the country."

"The USD-INR is expected to trade in a range of 64.10-64.40/Dollar for the day."

"CPI inflation lower than market expectation, the forecast of an above normal monsoon and fall in US treasury yields across the board has lifted sentiment in the bond market. We expect the 10-year benchmark bond yield to trade in a range of 6.62-6.67 percent for the day.

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