Stock Market Tips - Indian Rupee Opens Lower At 64.84 Per Dollar

The Indian rupee opened lower by 5 paise at 64.84 per dollar on Monday versus 64.79 Friday.

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Pramit Brahmbhatt of Veracity said, "Weak cues from equity market and concerns about growth on the domestic front will keep the rupee under pressure."

He further added, "We expect the USD-INR pair to trade in a range of 64.80-65.20 for the day."

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According to Motilal Oswal currency report, upside for the USD-INR pair could be capped in today’ session after the RBI increased corporate bond limit by Rs 44,000 crore. For the day, the pair is expected to quote in the range of 64.80 and 65.20.

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