The Indian rupee has opened at 66.39 per dollar up 0.13. Mohan Shenoi of Kotak Mahindra Bank expects the USD-INR pair to trade in a range of Rs 66.35-66.65/USD today.
The Indian rupee has opened at 66.39 per dollar up 0.13 on Thursday. Mohan Shenoi, Kotak Mahindra Bank said, "The US Fed kept its policy rates on hold due to domestic and external factors. Currency markets were stable overnight as FOMC announcement was broadly in-line with market expectations.
We expect the USD-INR pair to trade in a range of Rs 66.35-66.65/USD today." He further said, "The bond markets are rangebound as substantial liquidity infusion into money markets is yet to happen. Higher crude oil prices have also had a negative impact on market sentiment. We expect the 10-year benchmark yield to trade between 7.45-7.48 percent today."
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