Rupee will be stable in the range of 64.30-64.70 for the day, says Ajay Manglunia of Edelweiss.
The Indian rupee opened marginally higher at 64.50 per dollar on Thursday against previous close 64.52.
Ajay Manglunia of Edelweiss said, "Do not expect any RBI action for a while. Clarity expected only after December w.r.t additional borrowing. Rupee will be stable in the range of 64.30-64.70 for the day."
"Bond market was relieved in absence of a hawkish stance by RBI. Yields on G-Sec likely to be in range of 7-7.07 percent," he added.