January 10, 2013 / 10:19 AM / 5 years ago

MARKET EYE-USD/INR remains weak on euro; rate move next trigger

* USD/INR still weak, though the pair has been largely
rangebound, with good two-way flows seen, says dealer. The pair
is at 54.63/64 versus 54.75/76 last close.
* Dealer says steady daily oil demand of $300 million-$400
million getting easily absorbed by flows.
* The dealer adds the next trigger likely from possible rate cut
on Jan 29.
* Euro rises to session high after Spanish bond auction. 

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

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