Expect USD-INR to trade in 66.30-66.80/USD range: 04.10.2016
The bonds are expected to be rangebound going into the policy today,
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The 2-day MPC meeting concludes today, with markets expecting Reserve Bank of India (RBI) to maintain a status quo. However, a surprise cut can pleasantly surprise the markets. The USD-INR pair after briefly approaching 67/dollar levels is back to 66.50/dollar. We expect the pair to trade in the 66.30-66.80/USD range in the near term, with strong FII and FDI inflows to continue." "The bonds are expected to be rangebound going into the policy today,"
le
The bonds are expected to be rangebound going into the policy today,
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The 2-day MPC meeting concludes today, with markets expecting Reserve Bank of India (RBI) to maintain a status quo. However, a surprise cut can pleasantly surprise the markets. The USD-INR pair after briefly approaching 67/dollar levels is back to 66.50/dollar. We expect the pair to trade in the 66.30-66.80/USD range in the near term, with strong FII and FDI inflows to continue." "The bonds are expected to be rangebound going into the policy today,"
le