Indian Rupee Opens higher at 63.65 per Dollar
The USD-INR trading range for the day is 63.55-63.85, says Ripples Advisory Private Limited.
The Indian Rupee gained in the early trade on Thursday. It has opened higher by 4 paise at 63.65 per Dollar versus 63.59 Wednesday.
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The Rupee has settled in the 63.25-64 range and the next trigger can come from the Union Budget. The USD-INR trading range for the day is 63.55-63.85.
Bonds continue to trade on a negative note on account of higher oil prices, the expectation of higher CPI and rise in global bond yields.
The new 10-year benchmark’s expected trading range for the day is 7.24-7.27 percent.
The US Dollar on the backfoot on a report of China slowing down or halting the purchase of US Treasury yields.
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