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USD/INR should continue 62.00-30 range

USD/INR to open around 62.13, should remain in 62.00-30 range Intervention fears support, month end oilers demand further strengthens RBI intact on accumulating FX reserves, up bln in previous 3 weeks INR NDFs traded 62.…

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  • USD/INR to open around 62.13, should remain in 62.00-30 range

  • Intervention fears support, month end oilers demand further strengthens

  • RBI intact on accumulating FX reserves, up bln in previous 3 weeks

  • INR NDFs traded 62.46-62.60 range overnight, closed 62.42-46 in NY 

 

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