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Indian rupee opens flat at 64.09 per dollar

We expect a quiet trading day today where the USD-INR pair is expected to trade within a range of 64-64.20, says Bhaskar Panda of HDFC Bank.

August 22, 2017 / 09:01 AM IST

The Indian rupee opened flat at 64.09 per dollar on Tuesday versus 64.09 yesterday.

Bhaskar Panda of HDFC Bank said, "The dollar index has been keeping above 93 mark ahead of the Jackson Hole conference. The USD-INR pair is also in a consolidation phase."

"We expect a quiet trading day today where the USD-INR pair is expected to trade within a range of 64-64.20."

"The 10-year benchmark bond yield is expected to trade within the 6.50-6.52 percent range today," he said.

The dollar fell amid geopolitical tension in North Korea. Investors brace for the annual central banking conference in Jackson Hole this week where the world's top central bankers may signal their next policy actions.

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The US currency also fell against the yen.
Tags: #Rupee
first published: Aug 22, 2017 09:00 am

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