New Delhi, Feb 20 (TIWN): High Crude oil prices along with a wider monthly trade deficit is expected to subdue the Indian rupee in the coming week.

Accordingly, the rupee is expected to seesaw between 74.50 to 75.59 to a greenback.  Lately, the Brent-indexed Crude oil's price has hovered over $91 per barrel.  The latest official data showed that India's trade deficit widened by 20.23 per cent on a year-on-year basis to $17.42 billion in January 2022 from $14.49 billion in the like period of 2021. It had widened to $15.30 billion in January 2020.  "Geo-politics shall guide the way forward. Trade deficit around $18 billion dollar per month shall also keep the rupee's strength in check. Inflation is also expected to be sticky with domestic fuel prices awaiting a big hike," said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities.  Last week, rupee was weighed down against the US dollar following a rise in tensions between Russia and Ukraine.  However, as the week came to an end, tensions between the two nations started to recede and the rupee appreciated sharply.