By Anindya Banerjee, VP - Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd.
"USDINR spot closed 30 paise higher at 82.76. Rupee continues to remain one of the weakest currencies as demand for Dollars remain strong in the onshore market and lack of exporter selling and carry trades, keep supply low. A hawkish Fed also helped USD. Over the near term we expect a range of 82.25 and 83.00 on spot."