Experts say the rupee will trade in an 81-84 range against the dollar until June

Experts say the rupee will trade in an 81-84 range against the dollar until June.

BNP Paribas’ global head of India expects the Indian rupee to trade in a range of 81-84 against the dollar over the next quarter as the Reserve Bank of India (RBI) continues to play a key role in managing market volatility, says Ashutosh Tikekar.

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The RBI will continue to do so and mitigate volatility in the process, Ashutosh added.

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Expect initial slippages to be contained near 82.69, followed by upswings to 82.95. Alternatively, a breach of 82.69 could call for 82.43.”

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