Forex Market News

USDINR Trading Range For The Day Is 64.51-64.78

Rupee falls on selling by nationalised banks likely on behalf of oil importers. RBI policy minutes highlighted upward risks to inflation with one member even proposing a pre-emptive rate hike. Merchandise exports grew 28 percent to $29.23 billion in March year-on-year, while imports rose 45.25 percent to $39.67 billion over the same period.
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