USDINR trading range for the day is 63.53-63.87. Rupee gained as the dollar fell to over 37-month lows against major currencies on expectations of economic revival outside the US. Prime Minister Narendra Modi mounted a defense of globalization at the World Economic Forum, urging joint action on climate change and economic cooperation. PM Modi said that it’s a myth that the common man expects freebies from the government, hinting that the budget may not be a populist one.
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