The Indian Rupee opened marginally higher at 64.80 per Dollar on Monday versus 64.85 Friday. Considering the US data, a technical bounce in the Dollar from hereon cannot be ruled out. Thus Rupee may depreciate for the day and the trading range for spot USD-INR pair is seen between 64.80-65.20/Dollar." The Dollar fell slightly on Friday as a Federal Reserve official's seemingly dovish remarks and uninspiring data on the US economy doused the sanguine mood from earlier this week.
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The Indian Rupee opened marginally higher at 64.80 per Dollar on Monday versus 64.85 Friday. Considering the US data, a technical bounce in the Dollar from hereon cannot be ruled out. Thus Rupee may depreciate for the day and the trading range for spot USD-INR pair is seen between 64.80-65.20/Dollar." The Dollar fell slightly on Friday as a Federal Reserve official's seemingly dovish remarks and uninspiring data on the US economy doused the sanguine mood from earlier this week.
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