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The Indian rupee opened marginally lower at 60.58 per dollar on Tuesday as against previous day's closing value of 60.52 a dollar.Ashutosh Raina of HDFC Bank said, "The better than expected GDP
"Expect rupee to trade in the range of 60.35-60.70/dollar, says Agam Gupta of Standard Chartered.
Rupee may weaken ahead of the GDP data for the April-June quarter expected on Friday. Expect USD-INR to trade in the range of 60.22-60.75/dollar, says Himanshu Arora, Currency Analyst at Religare.
The increased FII flows into Indian equity and bond markets have resulted in rupee gaining and touching 60.50/dollar after recent losses, says Ashutosh Raina of HDFC Bank.
The Indian rupee opened marginally lower at 60.55 per dollar on Monday as against Friday's closing value of 60.47 a dollar.Agam Gupta of Standard Chartered expects rupee to trade in the range of 60
The Indian rupee on Tuesday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters.
Expect rupee to trade range-bound to slightly weak and will look forward to the local equities for further cues. Range for the day seen at 60.80-61.80/dollar, says Pramit Brahmbhatt of Veracity.
The risk-off scenario however is not likely to be an enduring one. The rupee is expected to trade in a range of 61.20-61.60/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
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