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USD/INR likely to test 62.00 levels

  • Pair wary of intervention, may test 62.00 handle, short cover should halt

  • expected to open at 62.23 vs 62.69 close on sell-off in NDFs overnight

  • Bullish stocks and bonds as pair is weighed by dovish Fed

  • NDFs traded in 62.62-63.25 range overnight, closed 62.65-62.69 in NY 

 

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