Indian Rupee opens lower at 64.18 per Dollar

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The Indian Rupee slipped in the early trade on Wednesday. It has opened lower by 6 paise at 64.18 per Dollar versus 64.12 Tuesday.

The Rupee will continue to trade sideways in the absence of any directional cues. The trading range for the spot USD-INR pair is seen between 64-64.20.

The Dollar fell versus the yen to near its lowest levels since mid-April pressured by simmering tensions on the Korean peninsula and on comments by a Federal Reserve governor about low US inflation.

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