Forex Market News

Indian Rupee Opens Flat At 64.43 Per Dollar

The Indian rupee opened flat at 64.43 per dollar on Tuesday versus previous close 64.44. Bhaskar Panda of HDFC Bank said, “India story keeps the USD-INR rangebound. Expect a range of 64.35-64.55/dollar to play out for today.
He further added, “Retail inflation came below expectations. Rate cut hopes are now increasing. The 10-year benchmark yield is expected to trade within 6.50-6.52 percent for today.”
The dollar index, which measures the dollar against a basket of rival currencies, is marginally softer ahead of the FOMC meeting on Wednesday. While political uncertainty weighs on sterling.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s