USDINR Trading Range For The Day Is 67.82-68.39

USDINR trading range for the day is 67.82-68.39.

Rupee gained on selling by nationalised banks mostly on behalf of Reserve bank of India, who intervened to stem volatility in the pair.

The Reserve Bank of India monetary policy committee struck a balanced note on its rate stance going forward and cited rising inflation pressure.

The MPC members raised concerns over rising household inflationary expectations which along with robust growth momentum could add to price pressure going forward.

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