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USD/INR may trade 61.10-30 range

  • USD/INR may trade 62.10-30 range ahead of FOMC minutes tonight

  • Hawkish Fed expectations, constant BI intervention at lower levels strengthen

  • Pair closed onshore at 62.16 on Monday, markets were closed for holiday yesterday

  • NDFs traded 62.43-62.50 range overnight, closed 62.43-48 in NY 

 

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