Mohan Shenoi of Kotak Mahindra Bank said, "As expected, the Federal Reserve raised Fed Funds rate by 25 bps to balance inflationary risk with elevated growth momentum. However, the dollar weakened across the board as markets re-assessed total increases during the year to 3.”
“The rupee is expected to be rangebound as general dollar weakness is offset by weak equity markets and higher crude oil prices. We expect the USD-INR pair to trade in a range of 64.95-65.25 for the day."
No comments:
Post a Comment