In-line with global trends, dollar is expected to strengthen against rupee today. We expect rupee to trade in a range of 60.50-60.90/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
Mohan Shenoi of Kotak Mahindra Bank said, "Large FII flows into government securities has resulted in rally across both bond and rupee markets. However, the tone of the FOMC policy minutes was more hawkish than market expectations leading to dollar strengthening against major currencies."
"In-line with global trends, dollar is expected to strengthen against rupee today. We expect it to trade in a range of 60.50-60.90/dollar," he added.
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