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USD/INR remains stuck in familiar range around 64.0 pivots

  • Foreign sales in stocks, bullish USD outlook to limit dips

  • May CPI forecast 1.6%y/y vs 2.1% last; IP last 2.8%y/y

  • INR NDFs traded 64.26-64.38 range o/n, closed 64.31-64.36 in NY 

 

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