USD-INR pair is expected to quote in the range of 73.60 and 74.20, says Motilal Oswal.
The Indian rupee ended at an another record closing low of 73.58 per dollar after it touched an all-time low of 73.81 in the morning trade on the back of rising global oil prices, and concerns over current account deficit and capital outflows.
It saw some bit of recovery during the day but closed 24 paise lower at 73.58 versus Wednesday's close 73.34 per dollar.
The rupee has depreciated over 14 percent in 2018 YTD, effectively becoming the worst performing Asian currency. It is weighed by the double whammy of a stronger USD along with rising crude oil prices, said ICICIDirect.