In late morning today; the rupee trimmed its initial gains but was still trading up by 8 paise to 64.36 against USD at the Interbank Foreign Exchange (Forex) Market.
According to the Pramit Brahmbhatt of Veracity says "weak US economic data will be the reason for rupee to strengthen."
"The rupee will breach 64.20 a dollar and will head towards 64, he feels. Trading range for the day will be 64-64.50", he said.
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