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Last Updated : Sep 10, 2015 08:54 AM IST | Source: CNBC-TV18

USD-INR to trade between 66.30-66.70/dollar: Mohan Shenoi

With Reserve Bank of India (RBI) presence on both sides of the market, the USD-INR is expected to trade today in a range of 66.30-66.70/dollar, says Mohan Shenoi of Kotak Mahindra Bank.


Mohan Shenoi of Kotak Mahindra Bank said, "The 'risk-on' rally of the last few days has lost momentum and the market has slipped back to 'risk-off' sentiment.
Consequently, dollar was weak against other major currencies like euro and yen."

"With Reserve Bank of India (RBI) presence on both sides of the market, the USD-INR is expected to trade today in a range of 66.30-66.70/dollar," he added.

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First Published on Sep 10, 2015 08:54 am
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