Indian rupee opens higher at 64.33 per dollar

Rupee_USD_356x200_1822_356The Indian rupee opened higher by 5 paise at 64.33 per dollar on Friday versus previous close 64.38.

 

“The USD-INR pair has been trading in the 64.20-64.70/dollar range on the back of resumption of some portfolio flows. We expect the pair to continue trading in this range, with a weakening bias.”

 

“The bond yields have been trading in a very narrow range and we expect the 10-year bond yields to consolidate around current levels,” he added.

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