Rupee to be in range of 66.50-67.50/$, eyes US GDP data: Raina

Ashutosh Raina of HDFC Bank says the equity markets are consolidating recent gains, oil is edging higher and dollar is slightly weaker, adding markets await the US Q1 GDP data.

May 27, 2016 / 08:51 AM IST

Ashutosh Raina of HDFC Bank says the equity markets are consolidating recent gains, oil is edging higher and dollar is slightly weaker, adding markets await the US Q1 GDP data.

The USD-INR pair after briefly trading above 67.50 per dollar has moved back into the 66.50-67.50 range tracking global dollar weakness and positive equities.

Tags: #Ashutosh Raina #HDFC Bank #Indian Rupee #Rupee #US dollar

first published: May 27, 2016 08:48 am

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Rupee to be in range of 66.50-67.50/$, eyes US GDP data: Raina

Ashutosh Raina of HDFC Bank says the equity markets are consolidating recent gains, oil is edging higher and dollar is slightly weaker, adding markets await the US Q1 GDP data.