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via fxstreet.comMarkets

Indian Rupee: trade hopes boost INR against US Dollar

FROM THE WIRE · FXSTREET.COM

Societe Generale strategists highlight that USD/INR is drifting toward the lower end of its six-month 94.14-96.95 range, helped by recent FX-supportive measures from the Reserve Bank of India (RBI).

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishUSD/INR matters for currency flows and expectations around RBI policy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Societe Generale notes USD/INR is drifting toward the lower end of its six-month 94.14-96.95 range.
  2. 02The move is helped by recent FX-supportive measures from the Reserve Bank of India.
  3. 03Strategists cite trade hopes as support for the rupee.

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