Spot Rupee Seen In 46.40/75 Band

The spot rupee is expected to be ranged between 46.40 and 46.75 against the dollar during this week.

Forward premiums are expected to hover around their current levels. The six-month annualised forward premium is expected to be in the 4-4.3 per cent band this week on account of a stable spot rupee and easy money market conditions.