Expect USD-INR pair to trade higher: Himanshu Arora

USD-INR pair is expected to trade higher today amid consistent strength in dollar against basket of currencies, says Himanshu Arora, Religare Commodities.

January 07, 2015 / 09:00 IST

Himanshu Arora, Religare Commodities said, "USD-INR pair is expected to trade higher today amid consistent strength in dollar against basket of currencies along with unrelenting slide in oil prices and ongoing political uncertainty in Greece."

"UK Services PMI witnessed its largest plunge in more than three years in December. This may also contribute towards weakness in rupee against the dollar. USDINR may remain in 63.40-63.76 range," he added.

first published: Jan 7, 2015 09:00 am

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