The USD -INR is expected to trade in the range of 66.70-67 for the day, says Mohan Shenoi of Kotak Mahindra Bank.
Mohan Shenoi of Kotak Mahindra Bank said, "Dollar rally looks to have lost steam despite Fed chair Yellen's hawkish testimony and uncertainty regarding Trump's economic & foreign policy."
"Rupee has been resilient on the back of change in monetary policy stance of RBI. The USD -INR is expected to trade in the range of 66.70-67 for the day," he added.
The dollar retreated from 1-month high as investors took profits after US data showed robust growth in retail sales and consumer prices in January.