RupeeVSDollar Price Updates
The Indian Rupee open flat at 69.45 against US Dollar on early morning forex trade . In line with strong Asian currencies and rally in the domestic equity market , the Indian Rupee ended 21 Paisa higher at 69.44 against USD on June 11. USD-INR expected to quote in the range of 69.20 to 69.90 in coming days.
Volatility of Indian currency in the last couple of sessions has remained low as market participants remain cautious ahead of inflation and IIP number that will be released on Wednesday . Expectation is that inflation could inch higher as compared to the previous month and at the same time IIP could witness slower growth in April. Range RupeeVSDollar forex training may witness in next couple of session.
Credit : Moneycontrol