Expect RBI to support rupee at lower levels: Ashutosh Raina

We expect a trading range of 64.30-64.80/dollar in the near term, with RBI expected to support at lower levels, says Ashutosh Raina of HDFC Bank.

April 07, 2017 / 08:14 IST

Ashutosh Raina of HDFC Bank said, "The USD-INR pair breached the crucial technical level of 64.80/dollar, after the RBI maintained status quo in repo rate. The strong portfolio flows continue to help the pair."

"We expect a trading range of 64.30-64.80/dollar in the near term, with RBI expected to support at lower levels," he added.

first published: Apr 7, 2017 08:14 am

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