Monday 19 June 2017

Indian Rupee opens flat at 64.42 per Dollar

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The Indian Rupee opened flat at 64.42 per Dollar on Monday versus 64.43 Friday.

The USD-INR pair in absence of any directional cues and expect it to continue to trade in a range of 64.20-64.80/Dollar.

Yields have been in a narrow range of late and in the absence of near-term triggers this trend should continue with a positive bias.

The 10-year benchmark bond yield to trade in a range of 6.46-6.51 percent today.

The Dollar steadied against a basket of currencies after slipping on soft US economic data, with investors awaiting comments by a top Federal Reserve official for clues on whether recent strength can be sustained.

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