The Indian rupee on Friday opened at 63.67 against the dollar, marginally stronger than its previous close.
Bhaskar Panda of HDFC Bank said, "USD-INR pair has been moving down breaking below technical levels. Expect the trend of rupee appreciation to continue as the pair is expected to trade within a range 63.50-63.75."
He further added, "RBI cut repo rate by 25 bps as expected. Not much effect on Indian benchmark yield. The 10-year is expected to trade within the 6.42-6.45 percent range for today."
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