Forex Market News

USDINR Trading Range For The Day Is 64.07-64.66

Rupee surged to 20-month high on likely foreign institutional investors inflows into local stocks and buying by foreign banks on behalf of exporters. India’s trade deficit widened to a four-month high of $10.44 billion in March following a surge in merchandise imports, government data showed. India’s wholesale prices rose a lower-than-expected 5.70 percent year-on-year in March, compared with a 0.45 fall a year ago.
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