USD-INR to trade in 66.80-67.05 range: Mohan Shenoi

In-line with global trends, rupee is also seen in a narrow range. USD-INR trading range for the day is 66.80-67.05/dollar, says Mohan Shenoi of Kotak Mahindra Bank.

February 23, 2017 / 09:08 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Dollar remains rangebound against majors as market focus shifts to a possible rate hike in March FOMC meeting." He further added, "In-line with global trends, rupee is also seen in a narrow range. USD-INR trading range for the day is 66.80-67.05/dollar.""RBI minutes of Feb bi-monthly meeting highlighted upside risk to inflation. Bond market volumes are low and sentiment is negative. Benchmark expected trading range for the day is 6.93-6.97 percent," he said.

first published: Feb 23, 2017 09:08 am

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