Moneycontrol
Jul 14, 2017 09:02 AM IST | Source: Moneycontrol.com

Indian rupee opens flat at 64.44 per dollar

USD-INR to trade in a range of 64.40-64.60 today, says Bhaskar Panda of HDFC Bank.

The Indian rupee opened flat at 64.44 per dollar on Friday against previous close 64.44.

Bhaskar Panda of HDFC Bank said, "The USD-INR pair has been consolidating in a range and we expect it to trade in a range of 64.40-64.60 today. The lower than expected CPI data has brought the focus back on rate cut."

He further added, "We expect the 10-year benchmark bond yield to trade in a range of 6.44-6.46 percent for the day."

The dollar index was largely steady against a basket of major currencies helped by upbeat economic data. The dollar edged upon against the yen though it's still below the highs hit earlier this week.

tags #Rupee

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