Rupee opens at 63.90 per dollar; slips 15 paise -- 5 Aug 2015

Today, the USD-INR is expected to trade in the range of 63.70-63.90/dollar, says NS Venkatesh of IDBI Bank.

                                 

The Indian rupee opened lower in the early trade on Wednesday. The currency slipped by 15 paise to 63.90 per dollar versus 63.75 in Tuesday's session. "The rupee gained around 29 paise yesterday and closed at 63.75/dollar on the back of export and custodial flows. Reserve Bank of India's (RBI) action of not cutting rates helped the rupee to strengthen versus the USD yesterday."
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