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MARKET EYE-USD/INR fwds rise after RBI keeps rates on hold
September 17, 2012 / 8:18 AM / 5 years ago

MARKET EYE-USD/INR fwds rise after RBI keeps rates on hold

* USD/INR forward premiums rise after RBI keeps rates on hold
with benchmark 1-year annualised rate at 5.98 percent versus
previous close of 5.92 pct.
* 1-year premium had fallen to 5.82 pct in early session as
exporters sold following the sharp gains in the spot rupee
 after the government's big bang reforms.
* Dealers say RBI comments that it remains focused on inflation
also prompts paying as no definite word on future rate cuts.
 

 (subhadip.sircar@thomsonreuters.com /
subhadip.sircar.thomsonreuters.com@reuters.net)

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