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MARKET EYE-USD/INR gains on global risk-off; shares watched
November 8, 2012 / 4:02 AM / 5 years ago

MARKET EYE-USD/INR gains on global risk-off; shares watched

* USD/INR rises to 54.58/59 from its previous close of
54.2050/2150, tracking a global risk-off mood. 
* Asian shares down as investors worry about the fiscal crisis
in the United States and the European economy's further
deterioration, underpinning safe-haven currencies such as the
yen and dollar. 
* Asian currencies trading mixed compared to the dollar. For a
snapshot see.
* Traders say losses in domestic shares adding to the bullish
sentiment for the dollar. Shares down 0.7 percent.
 
* Exporters, however, are expected to step up dollar sales and
limit further sharp gains in the pair beyond the recent
one-and-a-half-month low of 54.7850 touched on Tuesday.

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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