The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 7 paise at 63.55 per dollar versus 63.48 yesterday.
Pramit Brahmbhatt of Veracity said, "Rupee will continue its northward journey on the back of sudden FII inflow. Thus trading range for the spot USD-INR will be 63.30-63.60."
The dollar near 3-month low, weighed down by expectations of a slower pace of interest rate increases by the Federal Reserve amid a tepid US Inflation picture.
Meanwhile, the euro rose to nearly four-month high and Japanese yen strengthens against the US currency.
Pramit Brahmbhatt of Veracity said, "Rupee will continue its northward journey on the back of sudden FII inflow. Thus trading range for the spot USD-INR will be 63.30-63.60."
The dollar near 3-month low, weighed down by expectations of a slower pace of interest rate increases by the Federal Reserve amid a tepid US Inflation picture.
Meanwhile, the euro rose to nearly four-month high and Japanese yen strengthens against the US currency.
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