Indian rupee opens higher at 64.56 per dollar

The Indian rupee opened marginally higher at 64.56 per dollar against previous close 64.59. "The USD-INR pair continues to consolidate in a very narrow band, with the dollar index rising from recent lows and the dollar gaining against most other currencies." "We expect the pair to continue trading in the 64.40-64.70/dollar range today." The bonds saw a bout of profit booking with the 10-year benchmark bond yield closing at 6.45 percent. We expect the yield to trade in the 6.43-6.48 percent range today,". The dollar was flat against a basket of currencies as low US bond yields offset in-line data on domestic jobless claims and home prices, that kept it close to the one-month peak it reached earlier this week. The yen garnered some safe-haven demand on softness in global markets.

In Financial Market you can earn a good amount of profit by taking services from our us Click here---


No comments:

Post a Comment

Note: only a member of this blog may post a comment.