The Indian rupee opened flat at 63.69 per dollar on Tuesday against previous close 63.68.
Bhaskar Panda of HDFC Bank said, In an otherwise lacklustre market yesterday, INR appreciated against USD to close below the important 63.80 mark. Today, all markets are open. I expect USD-INR pair to trade in a range of 63.65-63.85. Any downward movement may be tempered by RBI buying. "The 10-year benchmark yield had shot up earlier post the announcement of additional Government borrowing. Today, I expect the yield to be within a range of 7.32-7.38 percent.
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The Nifty clocked 10,700 again and ended above that mark.
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