- RBI & government may convert foreign bond ownership limit from USD to INR terms
- If approved, plan will add around INR370bln to foreign limits
- NDFs traded btw 63.77-63.88 range overnight, closed 63.78-83 in NY, Sensex ended +0.74%
Technicals
Add as a preferred source on GoogleUSD/INR risks break below 63.50, may see 63.40-60 intraday
RBI & government may convert foreign bond ownership limit from USD to INR terms If approved, plan will add around INR370bln to foreign limits NDFs traded btw 63.77-63.88 range overnight, closed 63.78-83 in NY, Sensex end…
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