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Indian rupee opens at 63.77 per dollar

Mumbai: The Indian rupee slipped further in the early trade on Wednesday. It has opened lower by 24 paise at 63.77 per dollar versus 63.53 Tuesday.
The US dollar slipped against major currencies on expectations that the fed would take a cautious tone on monetary policy, while a slide in oil prices pushed the Russian rouble to new lows and boosted the safe-haven yen.
Currency markets will continue to take cues from the equity markets. The rupee is expected to trade rangebound with a slightly negative bias. Range for the USD-INR is seen between 63.20-64/dollar.

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