In the absence of any major triggers and with RBI absorbing FII inflows, the rupee is expected to trade in a narrow range of 60-60.25/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
The Indian rupee opened marginally higher on Thursday at 60 per dollar versus 60.09 Wednesday. The dollar rises to eight month highs versus the euro as worries over tougher sanctions on Russia and their potential impact on euro zone weighed on euro. Mohan Shenoi of Kotak Mahindra Bank said, “In the absence of any major triggers and with RBI absorbing FII inflows, the rupee is expected to trade in a narrow range of 60-60.25/dollar today.”
The Indian rupee opened marginally higher on Thursday at 60 per dollar versus 60.09 Wednesday. The dollar rises to eight month highs versus the euro as worries over tougher sanctions on Russia and their potential impact on euro zone weighed on euro. Mohan Shenoi of Kotak Mahindra Bank said, “In the absence of any major triggers and with RBI absorbing FII inflows, the rupee is expected to trade in a narrow range of 60-60.25/dollar today.”
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