USDINR Trading Range For The Day Is 66.8-67.6

USDINR trading range for the day is 66.8-67.6.

Rupee depreciated for third straight trading session to touch 15-month low on increased dollar demand by oil importers.

Activity in India’s dominant service sector accelerated in April thanks to a pick up in new business that encouraged firms to hire at the fastest pace in seven years.

The Reserve Bank of India announced open market purchase of five government securities worth Rs 100 billion later this month.

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