Indian rupee opens higher at 64.42 per dollar

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Indian rupee opens higher at 64.42 per dollar

The Indian rupee opened marginally higher at 64.42 per dollar on Tuesday versus previous close 64.44.

Global currency movement has had little effect on the USD-INR as the pair remains rangebound.

I do not see any breakout now as I expect the pair to trade within a range of 64.35-64.60/dollar today

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Indian rupee opens lower at 64.65 per dollar

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Indian rupee opens lower at 64.65 per dollar

The Indian rupee opened lower by 9 paise at 64.65 per dollar on Tuesday versus previous close 64.56.

In US, non-farm payroll number was below market expectations but unemployment rate was lower. The dollar index is hovering just below 101.

I expect the USD-INR pair to trade in a range of 64.45-64.65/dollar