Indian rupee opens higher at 64.03 per dollar

The Indian rupee opened higher by 7 paise at 64.03 per dollar on Thursday versus previous close 64.10.Mohan Shenoi of Kotak Mahindra Bank said, "Rupee has been trading in a very tight range for the past few weeks which is likely to continue. USD-INR trading range for the day is 63.90-64.20."

 

"Despite lower Indian GDP data and lower US 10-year treasury yields the bond market has not seen any significant movement. Increase in crude oil prices is a dampener. 6.79 GOI 2027 trading range for the DAY 6.49 to 6.53.

 

The dollar lost some ground after edging up against the Japanese yen after getting a boost from trump's surprise deal with the democrats on extending the debt limit.

 

For more Latest Live Indian Stock Market News and free bullion trading tips just click here www.marketmagnify.com or give a One Missed Call @ 7879881122.