In the wake of a sell-off in global equities and safe-haven bids for the US Dollar, the USDINR spot closed 8 paise higher at 82.12, retracing its morning losses.
Anindya Banerjee, Vice President of Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd, predicts that USDINR will trade in a range of 81.80 to 82.50 this week as traders remain cautious after news of US banking stress.
