Today, USDINR pair is expected to quote in the range of 69.05 and 69.50,” brokerage MOSL said.
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The rupee on Thursday opened 22 paise lower at 69.10 against the US dollar due to some buying in American currency by banks and importers.
The local currency dipped 2 paise on Wednesday after RBI’s first ever rupee-dollar swap auction.
In the auction, RBI bought dollars totaling $5.02 billion at a premium of Rs 7.76, which works out to an annualised rate of 3.76 per cent.
FIIs continued to remain net buyers in the equity and debt segment taking the total inflow figure ..
“Sustained fund inflow would continue to keep losses capped for the currency. Today, USDINR pair is expected to quote in the range of 69.05 and 69.50,” brokerage Motilal Oswal Financial Services said.
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