I am expecting a higher opening today and a range of 64.20-64.40 for the day, says Bhaskar Panda of HDFC Bank.
The Indian rupee slipped in the early trade on Friday. It has opened lower by 16 paise at 64.42 per dollar versus 64.26 yesterday.
Bhaskar Panda of HDFC Bank said, "The USD-INR market has been little more volatile than before reflecting global sentiments. I am expecting a higher opening today and a range of 64.20-64.40 for the day."
He further added, "The 10-year benchmark bond yield has come down from the recent high of 7.60 percent and this is a healthy correction. I expect it to trade in a range of 7.43-7.48 percent for the day."