Forex Market News

USDINR Trading Range For The Day Is 64.36-64.53

USDINR trading range for the day is 64.36-64.53. Rupee ends near five-week high on likely buying by foreign banks on behalf of overseas investors.
There is expectation of a possible rate cut by the Reserve Bank of India at the August policy amid buying by provident funds and insurance companies. India’s industrial output grew 1.7 percent in May from a year earlier, government data showed.
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