USDINR - Ways2Ccpital

USDINR trading range for the day is 67.31-67.78.

Rupee gained on selling by foreign banks amid likely overseas funds inflow into local stocks.

India’s retail inflation jumped further in May to a four-month high, primarily driven by a surge in energy prices, suggesting more policy tightening.

Mounting price pressure is a concern for the RBI, with its own projections for inflation raised compared with the ones made in May.

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