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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

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

 

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