The report highlighted that the rupee is expected to trade in the range of Rs 83.27 and Rs 83.99, with Rs 83.99 being its all-time low
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The rupee closed at 83.53 against the greenback, down 0.47 per cent on the day, marking its worst single-day percentage decline since February last year
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Even in May, it continued to trade in a tight range of 83.43-83.52 per US dollar amidst a lack of FPI inflows and dollar demand from oil companies, according to a report by the Bank of Baroda
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