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Rupee recovers, trades higher at 69.22 per dollar

Today, USD-INR pair is expected to quote in the range of 69.20 and 69.90, says Motilal Oswal.

June 06, 2019 / 01:30 PM IST

The Indian rupee has recovered from day's low and trading higher at 69.22 per dollar against Tuesday's close of 69.26.

On June 4 the local currency ended unchanged at 69.26 versus the US currency ahead of the RBI monetary policy outcome on Thursday.

Also ReadIndian rupee outlook worsens on trade war, growth risks: Poll

After appreciating against the US dollar for two successive sessions the rupee is expected to open on a flat note ahead of the important RBI policy statement that will be released today, said Motilal Oswal.