Today, USD-INR pair is expected to quote in the range of 69.40 and 70.05-70.20, says Motilal Oswal.
The Indian rupee opened flat at 69.80 per dollar on Monday versus Friday's close 69.80.
On June 14 the domestic currency slipped 30 paise to end at 69.80 against US dollar on strengthening greenback and increasing crude oil prices kept the investors cautious.
The rupee continued to consolidate in a narrow range for the whole week but today in the Asian session came under pressure following broad-based strength in the dollar. This week, on the domestic front, no major economic numbers are expected to release and that could keep the volatility low for the currency. Today, USD-INR pair is expected to quote in the range of 69.40 and 70.05-70.20, said Motilal Oswal.
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On June 14 the domestic currency slipped 30 paise to end at 69.80 against US dollar on strengthening greenback and increasing crude oil prices kept the investors cautious.
The rupee continued to consolidate in a narrow range for the whole week but today in the Asian session came under pressure following broad-based strength in the dollar. This week, on the domestic front, no major economic numbers are expected to release and that could keep the volatility low for the currency. Today, USD-INR pair is expected to quote in the range of 69.40 and 70.05-70.20, said Motilal Oswal.
Get more details here:
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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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