Forex Market News

USDINR Trading Range For The Day Is 66.88-67.08

USDINR trading range for the day is 66.88-67.08. Rupee traded in range as selling by foreign banks mostly for exporters was offset by strong dollar. Yellen said in prepared remarks that waiting too long to raise interest rates would be “unwise,” given the rise in inflation and economic growth.
RBI Governor Urjit Patel cut the economic growth forecast to 6.9 percent for the current fiscal from 7.1 percent estimated earlier.
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