Forex Market News

USDINR – Ways2Capital

USDINR trading range for the day is 65.63-66.53.Rupee strengthened to a near one-year high as Prime Minister Narendra Modi’s big win in the state of Uttar Pradesh was seen bolstering his economic reform agenda.
But any further gains will be tempered by concerns about valuations as well as global risks, including how much Fed will raise U.S. interest rates this year. India’s wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.
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