KOLKATA: The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (dollar/rupee) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report.
The report said that though the conflict between the two CIS nations may drag on for now, it is expected that the dollar/rupee, the most tracked pair in the local forex market, will trade at an elevated zone. But ideally, the expected average range of the rupee is expected to be in the band Between Rs 76 to Rs 78 to the $ with an appreciated bias.
