Indian Rupee Opens Higher at 64.04 per Dollar

indian stock market

The expected USD-INR pair to trade within a range of 64-64.15 for the day, says Ripples Advisory Private Limited.

The Indian Rupee gained in the early trade on Friday. It has opened higher by 4 paise at 64.04 per Dollar versus 64.08 Thursday.

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The expected USD-INR pair is to trade within a range of 64-64.15 for the day.

Sources said, Speculation about possible higher government borrowing is keeping bond markets guessing. The yields have shot up and may now be moving higher.

The 10-year benchmark bond yield may inch towards the 7.50 percent mark slowly. Expect the 10-year benchmark yield to remain within the 7.36-7.45 percent range today.

The Dollar weakened to trade near a one-month low against a basket of currencies.


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