Indian Rupee Opens Higher

The Indian rupee opened higher at 64 per dollar on Wednesday against previous close 64.03.

Corporate bonds are under pressure amid quarter-end position adjustments. We expect credit spreads to remain wide until FPI buying emerges in early 2018.

Today's Indian Rupee Update

The Indian rupee opened marginally higher at 64.22 per dollar on Tuesday against previous close 64.24.

Daily Indian Rupee Update

The Indian rupee declined in the early trade on Wednesday. It has opened lower by 13 paise at 64.53 per dollar versus 64.40 Tuesday.

Expect 10-year bond yields to trend towards 7.39 percent in the near-term in absence of any buying support. That said, expect value buying to emerge at those levels

Indian Rupee Opens Lower at 64.41 per Dollar

The Indian rupee opened lower by 5 paise at 64.41 per dollar on Tuesday versus previous close 64.36.

In India, the 10-year benchmark yield has been slowly moving up. All eyes are on next inflation numbers. Expect the 10-year yield to remain elevated and move towards 7.25 percent gradually

Indian Rupee Updates

The Indian rupee opened flat at 64.45 per dollar on Monday against Friday's close 64.45.

Daily Indian Rupees Update

The Indian rupee opened marginally higher at 64.50 per dollar on Thursday against previous close 64.52.

The dollar edged higher against a basket of major currencies on optimism about progress on US tax legislation and lawmakers' efforts to avert a US government shutdown on Saturday.