According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day.
“With three listings on Wednesday, outflow could be seen particularly that of Paytm… India CPI came a tad higher at 4.48 percent while IIP came a bit lower at 3.1 percent.