The Indian rupee opened marginally higher at 64.22 per dollar on Tuesday against previous close 64.24. Rupee will be back into less volatile trade today. Expect a range of 64.10-64.35 to hold. On the bonds, Panda expects the 7.16 to 7.20 percent range to hold. Thereafter, the yield will gradually move up. The dollar steady after edging lower against a basket of major currencies overnight on optimism of the senate passing the US tax reform bill.
No comments:
Post a Comment