The Indian Rupee Slipped In The Early Trade On Tuesday

The Indian rupee slipped in the early trade on Tuesday. It has opened lower by 12 paise at 63.69 per dollar on Tuesday versus previous close 63.57.

Bhaskar Panda of HDFC Bank said, "The dollar index has been under pressure from the beginning of 2018. As a result, EM currencies have gained including the INR."

"Given the indications, the USD-INR pair is expected to remain in a range of 63.50-63.70 for today."
"The 10-year benchmark bond yield has remained elevated and will continue to remain so, given the global cues. I expect the benchmark yield to remain in a range of 7.43-7.46 percent for today," he added.

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