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Indian Rupee opens lower by 11 paise at 63.60 per Dollar

The expected Rupee to continue to appreciate and expect the USD-INR to trade within a range of 63.40-63.60, 

The Indian Rupee opened lower by 11 paise at 63.60 per Dollar on Tuesday versus previous close 63.49.

The Euro had started moving higher post the ECB meeting and consequently, the US Dollar has now moved below 91 levels now.

Expect the Rupee to continue to appreciate and expect the USD-INR to trade within a range of 63.40-63.60.

The expectation of a rate cut has receded. The 10-year benchmark yield has been flat for a couple of days and expects it to trade within a range of 7.43-7.46 percent,” he added.

The Dollar remained under pressure though it has marginally gained versus the Japanese yen after disappointing producer price index figures from Japan. Meanwhile, the euro held on to overnight gains

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