USDINR - Ways2Capital

USDINR trading range for the day is 67.87-68.7.

Rupee ended at four-week low as overseas portfolio investors pulled out from local equity spooked by escalating trade tension between the US and China.

RBI is expected to raise interest rates again in the final three months of this year, but over one-third of them predicted a hike as early as at the next meeting in August.

Accelerating inflation and India retaining top spot as the fastest-growing major economy prompted the RBI to lift the repo rate by 25 basis points to 6.25 percent.

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