Indian Rupee opens lower at 63.67 per Dollar

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The expected USD-INR pair to trade in a range of 63.50-64, says Ripples Advisory Private Limited.

The Indian Rupee opened lower at 63.67 per Dollar on Wednesday versus previous close 63.60.

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On the back of negative cues from the domestic equity market, the Rupee will remain under pressure, sources said.

The expected USD-INR pair to trade in a range of 63.50-64.

Indian government bond yields have trended higher in-line with the recent trend in global bond yields. Market positions are getting lighter ahead of the Union Budget for FY19.

The 10-year benchmark bond yield closing above 7.41 percent on month-end may pave the way for further upward move in government bond yields from a technical perspective.


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