Indian Rupee opens lower at 64.72 per Dollar- Free Intraday Tips Provider

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The Indian Rupee slipped 9 paise in the early trade on Friday at 64.72 per Dollar versus 64.63 Thursday.

The hawkish Central Bank commentaries have resulted in risk-off sentiment across the global markets, with equities losing and treasuries getting sold off.

The USD-INR pair has retraced from recent highs tracking other EM currencies. The pair to trade in a range of 64.50-64.90/Dollar for today.

The bonds have also sold off ahead of scheduled auction today, with the 10-year benchmark yield settling at 6.50 percent, tracking the risk-off sentiment and higher US treasuries.

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