• Pair likely to consolidate around 62.50 pivot
  
  
• Economic outlook positive, lower current account deficit due to cheaper oil prices INR positives
  
  
• INR likely to get boost from further RBI rate cut hopes, stock inflows too
  
  
• Pair last at 62.52 yesterday; NDFs traded 62.85-04 overnight, closed 62.87-91 in NY