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USD/INR likely to range 63.50/70, bullish bonds weigh

Rate cut hopes by RBI next month boost foreign buying in bonds Weekend USD demand from corps to stall falls though, strong support at 63.50 INR NDFs traded 63.92-64.04 range overnight, closed 63.97-64.02 in NY

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  • Rate cut hopes by RBI next month boost foreign buying in bonds

  • Weekend USD demand from corps to stall falls though, strong support at 63.50

  • INR NDFs traded 63.92-64.04 range overnight, closed 63.97-64.02 in NY 

 

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