Last Updated : Jun 12, 2019 10: 43 AM IST | Offer:Moneycontrol.com
USD-INR pair is expected to quote within the vary of 69.20 and 69.90, Motilal Oswal.
The Indian rupee is shopping and selling flat at 69.43 per buck against old discontinuance 69.44.
Essentially based completely mostly on bring together Asian currencies and rally within the home equity market, the Indian currency ended 21 paise greater at 69.44 per buck on June 11.
Volatility for rupee within the closing couple of sessions has remained low as market participants remain cautious sooner than inflation and IIP amount that could be launched this present day. Expectation is that inflation also can recede greater as when put next to the old month and at the identical time industrial production also can gape slower enhance in April, thereby preserving gains restricted for the currency, talked about Motilal Oswal.
Lately, USD-INR pair is expected to quote within the vary of 69.20 and 69.90, it added.
First Printed on Jun 12, 2019 10: 40 am