The pair USD/INR opened lower at 62.3050 against yesterday’s closing LTP 62.3550
The data came out yesterday like Cumulative Industrial Output, Manufacturing Output etc. were positive for Indian Rupee. But both Nifty and BSE Sensex failed to rise which could have supported INR.
India’s Trade Deficit data will come out today which may give some clue for the market to find a direction. Also there are concerns about Interest date decision on Feb 03, 2015.