The trading range for the spot USD-INR pair will be between 66.50-67/dollar, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened lower by 8 paise at 66.85 per dollar on Monday versus previous close 66.77.
Pramit Brahmbhatt of Veracity said, "We expect the rupee to trade with a positive bias as far as it trades above 67/dollar. It will get steam from positive domestic cues to head towards 66.50/dollar."
"The trading range for the spot USD-INR pair will be between 66.50-67/dollar, "he added.
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First Published on Aug 8, 2016 09:04 am