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

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Today’s Market Highlights: Federal Reserve’s Meeting

 The Sensex is up 26.49 points or 0.1 percent at 26541.73,

Nifty up 4.05 points at 8174.85.

free stock market tips

The market has opened on unenthusiastic note as investors wait for outcome of two-day Federal Reserve’s meeting that starts today. The Fed is widely predictable to hike interest rates for the first time in 2016 at a two-day meeting, with markets pricing in a nearly 100 percent chance of a quarter percentage point rise to the Fed’s target range of 0.25 to 0.50 percent. 

Free Intraday Tips Tata Motors, Tata Steel, Wipro, Dr Reddy’s Labs and ONGC are top gainers while BHEL, Sun Pharma, M&M, ICICI and Asian Paints are losers in the Sensex. 

The Indian rupee opened slightly lower at 67.47 per dollar versus 67.42 Friday. 

Axis Bank | Tata Motors | Sun Pharma | IRB Infrastructure | Sunteck Realty | NIIT | Fortis Healthcare | Abbot India | APL Apollo Tubes | Aarey Drugs | PAE | MEP Infra and Bajaj Finance are stocks, which are in the news today. 

Indian ADRs ended mostly lower on Monday. In the IT space, Infosys shed 0.27 percent at USD 14.70 and Wipro was up 0.11 percent at USD 9.35. 

In the banking space, ICICI Bank fell 1.50 percent at USD 7.86 and HDFC Bank declined 0.31 percent at USD 63.30. 

Equity Tips In the other sectors, Tata Motors added 3.12 percent at USD 35.04 and Dr Reddy’s Laboratories shed 0.51 percent at USD 46.38. 

Market Highlights

DLF’s net debt jumps Rs 1,021 cr to Rs 23,140 cr

OPEC, Russia see smooth road to global deal on output cut.

UBS may take away business from Indian IT cos .