Currency Tips - In-line with global trends, rupee is expected to show mild recovery and trade today in a range of 67.80-68.10/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
The Indian rupee gained in the early trade on Thursday. It has opened higher by 22 paise at 67.85 per dollar against 68.07 Wednesday.
Mohan Shenoi of Kotak Mahindra Bank said, "In-line with global trends, rupee is expected to show mild recovery and trade today in a range of 67.80-68.10/dollar."
Dollar slipped against a basket of currencies as weak US services data suggested another Federal Reserve rate hike seems more unlikely.
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