Forex Market News

USDINR – Ways2Capital

USDINR trading range for the day is 64.6-65.Rupee traded in range as dollar lost grounds against other major peers after weaker than expected US economic data.
Investors are expecting a rate cut by the Reserve Bank of India at its policy in August after record low prints for CPI and WPI inflations. The RBI estimated that CPI Inflation could be higher by 100-150 basis points and persist for 6-8 quarters.
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