Indian Rupee Opens Lower At 64.14 Per Dollar

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The Indian rupee opened marginally lower at 64.14 per dollar on Friday against previous close 64.12.
Bhaskar Panda of HDFC Bank said, "We expect the USD-INR to trade in a range of 64-64.20. We expect a little bit of rupee bearishness to continue."

He further added, "The 10-year benchmark bond yield is expected to move up slowly past 6.60 percent and the range today is seen between 6.59-6.62 percent."

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The dollar fell against the safe-haven yen after North Korea launched a missile which flew over Japan earlier this morning.

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