In the yesterday’s trading session, USDINR spot depreciated by 0.10 percent as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Union which kept all the Asian market currencies including Indian Rupee in a range-bound manner.
Also, the prospect of one more US rate hike in this year and three more in 2018 affected the price trend of rupee pushing it lower. Today, USDINR spot is likely to depreciate.
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