Indian Rupee opens lower at 63.95 per Dollar

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The Indian Rupee opened marginally lower at 63.95 per Dollar on Tuesday versus previous close 63.90.

The USD-INR pair to consolidate within the 63.80-64.10 range. We have noticed support from the Central Bank around 63.87 levels.

The 10-year benchmark bond yield saw good movement yesterday but could be range bound within the 6.56-6.58 percent range today.

The Dollar slumped to a four-month low against the yen after North Korea fired a missile that passed over northern Japan, the latest act of provocation by Pyongyang that has ramped up tensions in the region over the past month.

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