USDINR trading range for the day is 66.94-67.27. Rupee traded in range as buying by nationalised banks for oil importers offset selling by banks such including foreign banks.
Governor Urjit Patel reiterates the possibility of rate hike, or rate cut based on inflation trajectory. RBI Governor in an interview reiterated seriousness of bringing inflation closer to 4% in the medium term on sustainable basis.
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