Political uncertainty, as well as capital outflows from financial markets, are likely to restrict the Indian rupee in a range of 70-71 per US dollar this week, experts said.
However, low crude oil prices are expected to limit any weakness in the Indian currency.
According to Edelweiss Securities’ head of forex and Rates Sajal Gupta, the rupee closed at 70.67, thus becoming the third-best performing currency in Asia on the back of weaker crude.
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