USD-INR trading range for today is 66.15-66.45/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
The Indian rupee has opened marginally higher at 66.35 per dollar on Thursday against previous close of 66.37. Mohan Shenoi of Kotak Mahindra Bank said, "USD-INR is expected to gradually drift lower on year end remittances and custodial inflows. USD-INR trading range for today is 66.15-66.45/dollar."
The US dollar hit its lowest level against the euro in nearly seven weeks following dovish comments from Janet Yellen. The dollar index slipped below the 95 mark.
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