Today, USD-INR pair is expected to quote in the range of 68.80 and 69.20, says Motilal Oswal.
Moneycontrol News
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The Indian rupee opened flat at 68.65 per dollar on Friday versus previous close 68.66.
Rupee continued to consolidate in a narrow range and volatility for the pair is expected to remain low ahead of preliminary GDP number that will be released from the US, said Motilal Oswal.
On the domestic front, focus will now shift to the RBI policy meeting that is scheduled next week. Expectation is that the central bank could hold rates unchanged but hawkish comments from the governor would be slightly supportive for the currency.
Today, USD-INR pair is expected to quote in the range of 68.80 and 69.20, it added.First Published on Jul 27, 2018 09:00 am