The Indian rupee declined in the early trade on Monday. It has opened lower by 21 paise at 68.17 per dollar versus 67.96 Friday. Pramit Brahmbhatt of Veracity, “The rupee will continue to trade sideways but with a positive bias as optimism in equity market will help it appreciate.
The USD-INR is expected to trade in a range of 67.80-68.20/dollar for the day. The dollar held steady after mixed US payrolls report. Yields on US 10-year notes rose from 2.33 percent to 2.42 percent on the data.
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