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USD/INR maintains bullish bias on ext stocks and bonds sell-off

  • Huge stops  tripped above 63.80, 64.00, closed 64.24, lowest since September 6 2013

  • Foreigner dumped mln bonds yesterday; benchmark yields +10bps

  • Pair may trade 64.00-30 intraday, expect RBI to hinder

  • NDFs traded 64.56-64.73 range overnight, closed 64.53-64.56 in NY

 

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