USDINR trading range for the day is 67.92-68.41. Rupee traded in range on dollar selling by foreign banks after US Trump’s inauguration speech did not chalk out details of his fiscal policies.
Indian banks’ loans rose 5.1 percent in the two weeks to Jan. 6 from a year earlier, while deposits rose 14.7 percent. Indian banks, led by market leader State Bank of India, announced sharp cuts to their lending rates after a recent surge in deposits.
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