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USD/INR likely to trade sideways around the 64.00 pivot

  • Stocks fall, concerns over weaker than expected monsoon season weigh on INR

  • Higher EUR, GBP, foreign interest in INR bonds to limit INR weakness though

  • Sensex closed -0.92%, USD/INR ended 64.08-64.09 yesterday

  • NDFs traded 64.40-64.50 range overnight 

 

  • Market Data
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