Rupee opens 4 paise higher, hovers around 65 against US dollar

The Indian rupee continued hovering around 65 against the US dollar. It has opened higher by 4 paise at 64.97 a dollar on Tuesday.

Bhaskar Panda of HDFC Bank said the focus has now turned on the new incumbent at US Federal Reserve.

US President had mentioned that, he is very close to finding the new Federal chair, Panda added.

The USD-INR seems to be in a territory of calm. Today could be a repeat of the same sentiment as the pair is expected to trade within a range of 64.95-65.10 a dollar, according to him.

In previous seesion, the rupee closed at 65.01, higher by 3 paise compared with Wednesday’s close of 65.04 a dollar.