Rupee likely to trade in narrow range of 64.10 to 64.80 this week
According to experts, the rupee is likely to move in a narrow range of 64.10-64.80 versus the dollar this week on expectation of sustained foreign institutional investor (FII) inflows but will witness pressure due to month-end demand for the US dollar from oil importers.
"Globally, India is perceived as a high growth economy and so FIIs are flocking here. Rupee will continue to gain," said a senior treasury dealer with a state-run bank. Representational Image. Image Source: ZeeBiz WebDesk