The Indian rupee opened marginally lower at 67.45 per dollar on Tuesday versus previous close 67.42.
In the last couple of session rupee has been consolidating in a narrow range of 64.40 and 64.75 ahead of important inflation and industrial production number.
In the last couple of session rupee has been consolidating in a narrow range of 64.40 and 64.75 ahead of important inflation and industrial production number.
Market participants are cautious ahead of today’s inflation and IIP number; expectation is that inflation for May could rise to 4.8% compared to rise of 4.5% in the previous month, said Motilal Oswal.
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