The Indian rupee opened lower at 59.92 per dollar versus 59.55 Friday.
Fed Chairman Ben Bernanke may give further assurance of reduction in bond buying programme, which in turn will raise interest rates and hurt the rupee, says Arvind Narayanan of DBS Bank.
"US yields are expected to rise, which will make the rupee weak. June WPI is seen around 5.3 percent," he adds.
According to him, the range for the rupee is seen between 59.70-59.60/USD.
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