MUMBAI: The Indian rupee started at 61.43 a dollar on Thursday, slipped 2 paisa compared to last day’s ending value of 61.41 a dollar.
Mohan Shenoi, Kotak Mahindra Bank says FOMC meeting held yesterday did not significantly alter the current market expectations of a Fed rate hike in second half of Calendar 2015. According to him, the USD-INR is expected to trade today in a range of Rs 61.20-61.50/USD. Meanwhile, disinvestments and 3G auction announced by government have improved perceptions regarding fiscal deficit. “We expect the 10-year benchmark to trade today in a range of 7.67-7.70 percent,” he adds
