The Indian rupee opened marginally lower at 64.18 per dollar on Friday versus 64.15 Wednesday.
Bhaskar Panda of HDFC Bank said, "Dollar index bounced on the basis of European Central Bank (ECB) concerns on euro strength. The USD-INR pair consequently could move a little higher keeping pace with other Asian currencies. We expect a range of 64.15-64.40 for the day."
He further added, "The 10-year benchmark yield is expected to trade within the 6.52-6.54 percent range today."
Infosys slipped as much as 6.09 percent in morning trade on Friday after the board of directors of Infosys Ltd said that they have accepted the notice of resignation of Dr. Vishal Sikka as the Managing Director and CEO, effective immediately.
Mr. U. B. Pravin Rao has been appointed Interim Chief Executive Officer and Managing Director reporting to Dr. Sikka under the overall supervision and control of the Company’s Board.
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