USDINR trading range for the day is 66.76-67.05. Rupee posted its first two-day fall in nearly four weeks on selling by nationalised banks on behalf of oil importers and tracking global strength in the greenback.
Indian inflation likely picked up for the first time in seven months in February as rising food prices began to bite, but it remained below the central bank’s medium-term target. The government’s demonetization drive removed 86 percent of the currency in circulation, hitting companies, farmers and households.
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