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Rupee remains unchanged at 66.26 against US dollar
The rupee remained unchanged at sixty six.26
against the United States dollar in early trade on Monday earlier than the
Federal Reserve Bank of India (RBI)'s much-awaited policy review slated for
Tues. The domestic currency had up by thirty eight paise against the buck last
week amid consistent foreign inflows.
"In the last 15-20 days, we've seen an
honest quantity of inflows into the market, particularly from ETFs. providing
scenario and also the incontrovertible fact that risk-on rally has started
across international markets, we have a tendency to square measure seeing
appreciation within the domestic currency,", head of mounted financial
gain, Quantum AMC.
Data out there with depositories showed
foreign institutional investors wired in Rs twenty one,143 large integer into
the domestic equities in March.
"We expect run batted in to intervene and
take a look at to mop up greenbacks around these levels. that's why we have a
tendency to square measure seeing that the rupee has been sustaining around
sixty six.35 levels without delay,"
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