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USD/INR expected to consolidate around 62.50 levels

Pair likely to consolidate around 62.50 pivot Economic outlook positive, lower current account deficit due to cheaper oil prices INR positives INR likely to get boost from further RBI rate cut hopes, stock inflows too Pa…

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EconoTimes — Reading the Times. Understanding the Future.

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  • Pair likely to consolidate around 62.50 pivot

  • Economic outlook positive, lower current account deficit due to cheaper oil prices INR positives

  • INR likely to get boost from further RBI rate cut hopes, stock inflows too

  • Pair last at 62.52 yesterday; NDFs traded 62.85-04 overnight, closed 62.87-91 in NY 

 

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