Arvind Narayanan of DBS Bank says the rupee is expected to weaken primarily driven by underlying dollar demand by OMCs (oil marketing companies) and banks. "Also, weak Chinese manufacturing data is dollar positive," he adds.
According to him, the range for the day is seen between 59.30-59.65/USD.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
