Today, USD-INR pair is expected to quote in the range of 70.05 and 70.50, says Motilal Oswal.
Moneycontrol News
@moneycontrolcom
The Indian rupee extended morning gains as it is trading higher by 35 paise at 69.84 per dollar. It opened higher at 69.96 per dollar versus Thursday's close 70.19.
Volatility in rupee continued to remain high but traded in a wide range of 70.05 and 70.40(Spot) for the second successive session. Global crude oil prices are inching higher in the past few sessions on signs of output cuts by Saudi Arabia, said Motilal Oswal.
In the last few sessions crude has been volatile by concerns that slowing global economic growth could dent demand but has drawn support from signs that Saudi Arabia is cutting crude output. Today, USD-INR pair is expected to quote in the range of 70.05 and 70.50, it added.First Published on Jan 4, 2019 12:02 pm
