The Indian rupee opened marginally lower at 68.06 per dollar on Monday versus Friday's close 68.04. Expected the dollar to gain and the trading range for the USD-INR pair is seen between 68-68.20/dollar. Dollar slipped, nudging off a one-week high against a basket of currencies after treasury yields declined on data showing the US economy grew at a slower-than-expected pace. Also traders digested the tensions sparked by Donald Trump’s order halting some immigration.
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The Indian rupee opened marginally lower at 68.06 per dollar on Monday versus Friday's close 68.04. Expected the dollar to gain and the trading range for the USD-INR pair is seen between 68-68.20/dollar. Dollar slipped, nudging off a one-week high against a basket of currencies after treasury yields declined on data showing the US economy grew at a slower-than-expected pace. Also traders digested the tensions sparked by Donald Trump’s order halting some immigration.
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