Tuesday 13 June 2017

Indian Rupee opens flat at 64.43 per Dollar >> Free Stock Cash Tip Call on 9644405056

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The Indian Rupee opened flat at 64.43 per Dollar on Tuesday versus previous close 64.44.

India story keeps the USD-INR range bound. Expect a range of 64.35-64.55/Dollar to play out for today."

Retail inflation came below expectations. Rate cut hopes are now increasing. The 10-year benchmark yield is expected to trade within 6.50-6.52 percent for today.

The Dollar index, which measures the Dollar against a basket of rival currencies, is marginally softer ahead of the FOMC meeting on Wednesday. While political uncertainty weighs on sterling.

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