Tuesday, 12 May 2015

Indian Rupee

The USD-INR pair weakened yesterday mainly due to the weakness seen in emerging market currencies. Today we expect the USD-INR to gain some strength based on the cues from the bond markets as well as anticipated liquidity which is expected to follow with the possibility of a rate cut. The USD-INR is expected to trade in the range of `63.90-64.30/USD today.

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