Commodity Tips:- Indian Rupee Opens Higher At 63.87 Per Dollar

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The Indian rupee opened marginally higher at 63.87 per dollar on Friday against previous close 63.91.

 

The dollar index suffered another fall soon after US CPI numbers which helped EM currencies gain.

 

The USD-INR pair broke 64 on the downside yesterday and I expect the rupee appreciation trend to continue. See a range of 63.85-64.05 for the day.

 

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