Indian Rupee opens lower at 64.53 per Dollar

indian stock market

The Rupee strength to continue as expected as the USD-INR pair to trade within a range of 64.45-64.65 today says Ripples Advisory Private Limited.


The Indian Rupee opened marginally lower at 64.53 per Dollar on Tuesday versus 64.50 Monday.

The Dollar has been languishing for some time now and yesterday was no different. The index is hovering below 93 levels.

Expected the Rupee strength to continue as the USD-INR pair to trade within a range of 64.45-64.65 today.

The 10-year benchmark bond yield has remained elevated above the 7.05 percent mark. Today may not be any different as the yield continues to consolidate within the 7.04-7.07 percent range.

Worries about potential delays in the implementation of US tax cuts weigh on the US Dollar.

The US currency eased versus the yen as the near-term focus remains on Senate vote this Thursday and confirmation hearing on Federal Reserve chair nominee Jerome Powell due later today.


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