Today; Rupee is trading higher at 67.13 against US dollar in early trade.
Ashutosh Raina of HDFC Bank said, "The probability of a US rate hike this year has increased substantially, after the recent hawkish commentary from Fed Chief, Yellen and other senior Fed officials. The USD has gained broadly against most of the major and EM currencies."
He further added, "The USD-INR pair continues to trade in a tight range. We expect the pair to continue trading in the 67-67.50/dollar range in the near term."
