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.

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

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.”