Moneycontrol
Mar 16, 2017 03:50 PM IST | Source: CNBC-TV18

USD-INR to trade in 65.15-65.45 range: Mohan Shenoi

We expect the USD-INR to trade in a range of 65.15-65.45/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.

USD-INR to trade in 65.15-65.45 range: Mohan Shenoi

Mohan Shenoi of Kotak Mahindra Bank said, "US Fed delivered another dovish hike on Wednesday. Dollar saw a sell-off as markets reassess the number of hikes this year."

"The state election results has led to a rally in equity markets in India on the back of FII inflows which is positive for rupee. We expect the USD-INR to trade in a range of 65.15-65.45/dollar for the day," he added.
Sections
Follow us on
Available On