Indian rupee to trade in a narrow range in near term: Poll

The Indian rupee is expected to remain in a tight range against the US dollar for the next three months, hovering near its historic low, according to a Reuters poll of analysts. The rupee has traded within its narrowest range in almost two decades in 2018, with the Reserve Bank of India intervening regularly to protect it from volatility. Forecasters said the rupee was likely to trade at INR82.33 to the dollar and INR82.25 to the dollar by the end of June and August respectively, and could fall if the Federal Reserve takes a hawkish stance on rates.