Indian Rupee opens lower at 64.41 per Dollar- Get Free Intraday Tips Call on 9644405056

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The Indian Rupee declined in the early trade on Monday. It has opened lower by 9 paise at 64.41 per Dollar versus 64.32 Friday. There is a neutral view on the Rupee and it will continue to resist at 64.20. Expected the USD-INR pair to trade in a range of 64.20-64.50.

The announcement of the next OMO sale two weeks in advance can lend a positive bias to gilts. Expected the 10-year benchmark bond yield to trade in a range of 6.40-6.46 percent today.

The US Dollar hit its lowest level in more than a year against a basket of major rivals after the European Central Bank's chief abstained from talking down the euro, while obstacles to US President Donald Trump's policy agenda also weighed on sentiment.

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