Indian Rupee Opens Lower At 63.67 Per Dollar

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The Indian rupee opened lower at 63.67 per dollar on Wednesday versus previous close 63.60.

 

On the back of negative cues from domestic equity market, the rupee will remain under pressure.

 

We expect the USD-INR pair to trade in a range of 63.50-64.

 

Indian government bond yields have trended higher in-line with the recent trend in global bond yields. 

 

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