The market on Wednesday witnessed a surge in the Indian rupee in its initial gains and breached the 64 mark against the US dollar.
The rupee was trading at 63.99 a dollar, the highest level since August 10, 2015.
Earlier, it opened higher by seven paise at 64.19 per dollar today versus 64.26 Tuesday.
As per the market analysts, the rupee can breach the stiff resistance of 64.20/dollar and may head higher. Expectations are high that the spot of USD-INR pair will trade in a range of 64-64.40/dollar in the days' trade.
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