According to NS Venkatesh of IDBI Bank, expect rupee to trade between a narrow range of 59.3-59.5/dollar."
The Indian rupee slipped marginally in the early trade on Wednesday. It opened lower by 4 paise at 59.42 per dollar as against previous day's closing value of 59.38 a dollar.
NS Venkatesh of IDBI Bank expect rupee to trade between a narrow range of 59.3-59.5/dollar.
He also expects the yield on the 10-year bonds to range between 8.5-8.55 percent.
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The euro clings to modest gains having been squeezed higher in what some traders described as a 'buy-the-rumor-sell-the-fact' move in the wake of subdued euro zone inflation data.
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