Moneycontrol
Aug 10, 2017 09:05 AM IST | Source: Moneycontrol.com

Indian rupee opens at 63.92/$

The dollar index inched up slightly amid continued geopolitical tensions, recovering marginally after hitting an overnight low of 109.87 against the Japanese yen.

Indian rupee opens at 63.92/$

Moneycontrol News

The Indian rupee on Thursday opened at 63.92 to the dollar, down 0.1 percent from the previous close.

The dollar index inched up slightly amid continued geopolitical tensions, recovering marginally after hitting an overnight low of 109.87 against the Japanese yen.

Mohan Shenoi of Kotak Mahindra Bank said, "Risk-off sentiment due to North Korea situation has resulted in weak global equity markets. Post strong US payroll data, the impact on $ has been mixed. USD-INR trading range for the day 63.75-64.05/$."

Speaking about bonds, Shenoi said, "Bond yields are under pressure due to oversupply of Government Securities through Cash Management Bills , State Development Loans, Open market operations and scheduled auctions. 10-year benchmark trading range for the day seen at 6.44-6.48%."
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