Asian markets have already started the day mixed. Dollar strength will keep the rupee under pressure. Range for the day is seen between 63.20-63.80/dollar, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened with marginal gain of 7 paise at 63.45 per dollar on Friday against 63.52 Wednesday.
The dollar edged up against the yen on light bargain hunting following two sessions of losses, with markets slowly getting into gear after the Christmas holiday.
Pramit Brahmbhatt of Veracity said, "Local equity market is likely to trade sideways today and will take cues from global markets for further directions. Though not much action is expected as most of the markets are closed on the occasion of Christmas and New year."
"Asian markets have already started the day mixed. Dollar strength will keep the rupee under pressure. Range for the day is seen between 63.20-63.80/dollar," he added.
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