August 21, 2012 / 3:51 AM / 5 years ago

MARKET EYE-USD/INR edges lower as regional shares stronger

* USD/INR opens lower in line with gains in local shares,
dealers say. The pair is at 55.58/59 versus 55.73/74 last close,
up 0.8 percent on the week.
* USD/INR 1-month NDF trading at 55.88 after  
closing NY trading at 56.08-13.
* Dealers say a fall in crude oil prices will keep the pressure
on the pair. 
*  The euro trod water on Tuesday but appeared increasingly
vulnerable to a reverse amid festering doubts over whether
policymakers can reach an accord for action next month to lift
some pressure off debt stricken euro zone countries. 
* There may be upward pressure on the pair as month-end
approaches but trading will broadly be range-bound, traders
added.

 (archana.narayanan@thomsonreuters.com; +91-22-61807244; Reuters
Messaging: archana.narayanan.thomsonreuters.com@reuters.net)

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