Forex Market News

USDINR – Ways2Capital

USDINR trading range for the day is 64.26-64.96.Rupee strengthened on buying by exporters and corporate clients and lack of fresh domestic triggers.
There are expectations of rate cut by the Reserve Bank of India in August after it lowered inflation forecasts in its policy. The central government borrowed Rs 246.62 billion from the Reserve Bank of India under the ways-and-means advances in the week to June 9.
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