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Rupee to trade between 65.05-65.25, says Bhaskar Panda

Rakesh Patil
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Indian rupee opens flat at 68.48 per dollar

USDINR pair is expected to quote in the range of 68.40 and 68.85, says Motilal Oswal.

Bhaskar Panda of HDFC Bank said, "The dollar index had rallied past the 90 mark ahead of US non-farm payroll numbers today. I expect the USD-INR to open a little higher today and trade in a range of 65.05-65.25 for the day."

He further added, "The 10-year benchmark bond yield has started re-aligning to reality after touching a recent high. I expect the yield to trade within a range of 7.64-7.68 percent today."

The dollar index strengthened versus major currencies, while the euro falls as Mario Draghi raises caution on inflation, protectionism.