The USD-INR pair is hovering around 65 pivot and is looking for a breakout, says Bhaskar Panda of HDFC Bank.
The Indian rupee opened higher by 9 paise at 64.95 per dollar on Tuesday versus 65.04 yesterday.
Bhaskar Panda of HDFC Bank said, "The USD-INR pair is hovering around 65 pivot and is looking for a breakout. I expect another tame day today in which the USD-INR pair might trade in a range of 64.95-65.10."
"India's February CPI was below expectations and fear of a sudden acceleration seems like a remote possibility. Hence, the 10-year benchmark bond yield is down and may move towards 7.60 percent gradually," he added.