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Indian rupee opens higher at 64.80 per dollar

The trading range for spot USD-INR pair is seen between 64.80-65.20/dollar, says Pramit Brahmbhatt of Veracity.

April 03, 2017 / 09:01 AM IST

The Indian rupee opened marginally higher at 64.80 per dollar on Monday versus 64.85 Friday.

Pramit Brahmbhatt of Veracity said, "Considering the US data, a technical bounce in the dollar from hereon cannot be ruled out. Thus rupee may depreciate for the day and the trading range for spot USD-INR pair is seen between 64.80-65.20/dollar."

The dollar fell slightly on Friday as a Federal Reserve official's seemingly dovish remarks and uninspiring data on the US economy doused the sanguine mood from earlier this week.

The euro rebounded from a two-week trough, and the dollar fell after New York Fed President William Dudley said the Central Bank was in no rush to tighten monetary policy.
first published: Apr 3, 2017 09:01 am

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