Rupee may edge up at open, Asia FX rises
Rupee is expected to surge against dollar compared with Monday's 62.02/03 close. Sentiment is likely to be cautious ahead of RBI policy review announcement at 1100 IST.
RBI is expected to keep interest rates on hold.
NSE index futures traded on the Singapore Exchange were down 0.34 per cent. Most Asian currencies were trading stronger compared with the dollar.
The USD/INR pair was at 61.91/93 in the Singapore non-deliverable forwards market, indicative of spot trade.
Rupee is expected to surge against dollar compared with Monday's 62.02/03 close. Sentiment is likely to be cautious ahead of RBI policy review announcement at 1100 IST.
RBI is expected to keep interest rates on hold.
NSE index futures traded on the Singapore Exchange were down 0.34 per cent. Most Asian currencies were trading stronger compared with the dollar.
The USD/INR pair was at 61.91/93 in the Singapore non-deliverable forwards market, indicative of spot trade.
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