USD-INR to trade in 63.90-64.20 range: Mohan Shenoi

We expect the USD-INR pair to trade in a range of 63.90-64.20/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.

April 27, 2017 / 08:11 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Global equity markets are continuing to rally reflecting risk-on sentiment. Asian currencies are also rallying on the back of the equity market rally."

"The rupee is gaining with strong custodial flows and we expect the USD-INR pair to trade in a range of 63.90-64.20/dollar for the day," he added.

first published: Apr 27, 2017 08:11 am

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