USDINR Trading Range For The Day Us 66.49-67.51

USDINR trading range for the day is 66.49-67.51. Rupee plunged to over 14-month low on dollar buying by oil importers amid likely outflows from local debt that hit gilt prices as US yields crossed 3%.

US Treasury yields crossed 3% on expectations rising commodity prices may fuel inflation and prompt Fed to hike rates more aggressively.

India’s economy could grow at 7.4 percent in the fiscal year to March 2019 after a “resilient performance” in the second half of the previous year.

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