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USD/INR underpinned by stocks, NDFs

Pair to open lower, weighed by unwinding of USD longs ahead of FOMC Pair seen in 62.55-62.75 intraday INR boosted by inflows into stocks, RM selling in NDFs; Sensex +1.05% yesterday 1month traded in 63.17-63.22 range ove…

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  • Pair to open lower, weighed by unwinding of USD longs ahead of FOMC

  • Pair seen in 62.55-62.75 intraday

  • INR boosted by inflows into stocks, RM selling in NDFs; Sensex +1.05% yesterday

  • 1month traded in 63.17-63.22 range overnight, last 63.13-63.19 

 

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