The rupee is stuck in a tight range of 64.50-64.80/Dollar and would trade in that range for the day. Expected the Rupee to continue to depreciate on the back of negative cues from global equity market and constant FII outflow. The euro scaled five-month highs against the dollar after the centrist candidate swept to victory in the first round of the French presidential election, reducing the risk of an anti-establishment shock in the final round.
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The rupee is stuck in a tight range of 64.50-64.80/Dollar and would trade in that range for the day. Expected the Rupee to continue to depreciate on the back of negative cues from global equity market and constant FII outflow. The euro scaled five-month highs against the dollar after the centrist candidate swept to victory in the first round of the French presidential election, reducing the risk of an anti-establishment shock in the final round.
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