Expect USD-INR to trade in 66.30-66.80/USD range: 04.10.2016

Expect USD-INR to trade in 66.30-66.80/USD range: 04.10.2016

The bonds are expected to be rangebound going into the policy today,

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The 2-day MPC meeting concludes today, with markets expecting Reserve Bank of India (RBI) to maintain a status quo. However, a surprise cut can pleasantly surprise the markets. The USD-INR pair after briefly approaching 67/dollar levels is back to 66.50/dollar. We expect the pair to trade in the 66.30-66.80/USD range in the near term, with strong FII and FDI inflows to continue." "The bonds are expected to be rangebound going into the policy today,"
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