On Monday, the rupee had closed 7 paise higher from its Friday close, after having seen higher gains earlier in the session. However, towards the end of trade, demand for the dollar returned and many nationalised banks were seen buying dollars.
"USD-INR pair has been trading in a range-bound manner, affected by global developments. Expect 64.20-64.40/dollar range to prevail," said Bhaskar Panda of HDFC Bank. "On 10-year benchmark front, expect the yield to hover between 6.92-6.95 percent today," he added.
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