USD-INR likely to be range bound amid US debt ceiling crisis, says Anil Kumar Bhansali of Finrex Treasury Advisors
The oil companies are buying dollars keeping rupee in the range of 81.90 – 82.40. They were absent from the scene earlier, refusing to buy dollars at 81.60. The Reserve Bank of India (RBI) had to intervene to protect the level of 81.60.
