The Indian Rupee opened marginally higher at 64.55 per dollar on Monday versus 64.61 Friday.
Equity Tips BUY IDBI 72.50 CALL
The rupee is stuck in a tight range of 64.50-64.80/dollar and would trade in that range for the day. We expect the rupee to continue to depreciate on the back of negative cues from global equity market and constant FII outflow.
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