Indian Rupee Opens Lower At 65.22 Per Dollar

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The Indian rupee opened lower 5 paise at 65.22 per dollar on Tuesday versus 65.17 yesterday.

 

The dollar index is consolidating around 89.85 levels ahead of the Fed meeting and a tariff war. The USD-INR pair is consolidating around 65 pivot. I expect a little higher range between 65.10-65.30 for the day.

 

The 10-year Indian benchmark bond yield has started looking up after touching lows recently. I expect a range play within 7.58-7.65 percent for the day.

 

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