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USD/INR expected to consolidate around 62.50 levels

Friday, March 20, 2015 2:44 AM UTC

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

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USD/INR expected to consolidate around 62.50 levels

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