USD-INR to trade between 64.40-64.70 range: Mohan Shenoi

We expect the USD-INR pair to trade in a range of 64.40-64.70/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.

April 13, 2017 / 08:28 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Geopolitical risks concerning North Korea and Syria have resulted in risk-off sentiment with the dollar losing ground against the yen in particular. Custodial flow has supported rupee in the past few weeks."

"We expect the USD-INR pair to trade in a range of 64.40-64.70/dollar for the day," he added.

first published: Apr 13, 2017 08:28 am

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