Forex Market News

USDINR Trading Range For The Day Is 64.42-64.67

USDINR trading range for the day is 64.42-64.67. Rupee traded in the range as selling by nationalised banks offset the impact of likely foreign inflows into initial public offerings. Investors anticipated the minutes of the Monetary Policy Committee to show calls for rate cut in near future on easing inflation hope.
The balance of payments for January-March saw a surplus of $7.3 billion compared with a surplus of $3.3 billion a year ago, the RBI said. EURINR trading range for the day is 71.81-72.31.
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