Mohan Shenoi of Kotak Mahindra Bank said, "A US Fed rate hike in March looks almost certain and currency markets seem to have fully priced it in.
The rupee however is resilient on the back of FII flows into Indian equity markets." He expects the USD-INR pair to trade in a range of 66.70-67/dollar for the day.
The dollar held gains as a stronger-than-expected US private-sector jobs figures in February sealed expectations that the Federal Reserve will raise interest rates next week.
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