USDINR trading range for the day is 64.46-64.79

USDINR trading range for the day is 64.46-64.79. Rupee dropped on overseas fund outflows into local stocks after Reserve Bank of India kept repo rate unchanged at 6% consistent with neutral stance. RBI: Monetary policy committee remains committed to keeping headline inflation close to 4 pct on a durable basis. RBI: Recapitalisation of public sector banks may help improve credit flows further.

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