Epic Update:US Dollar/Indian Rupee lower as custodial bank

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Epicresearch

Asha Soni
USD/INR trading near day's lows as custodial banks sell on likely share sale related inflows, dealers say. The pair at 54.19/20, off 54.30 high hit earlier in session, 54.26/27 last close. A state-run bank dealer says oilers were present earlier in the session, but few now. INR saw some bounce after higher-than-expected factory data. The pair has been testing crucial support at 55.20 levels, if breached convincingly may see down move to 54.05.


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