Indian rupee opens lower at 64.30 per dollar

The Indian rupee opened lower in the early trade on Monday. It has slipped 6 paise to 64.30 per dollar from Friday’s close 64.24. "Weakness in gold and crude prices will help rupee to breach hurdle of 64.20/dollar. Trading range for the spot USD-INR pair will be 64 to 64.50." The dollar is mildly higher after hitting a ten-day high last week. The USD-INR pair could continue to consolidate ahead of India’s inflation and IIP numbers that will be released later today. Free Trials for two days in Financial Market click here to subscribe us >>


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