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MARKET EYE-USD/INR trims fall as oil firms step up purchases
August 5, 2013 / 10:50 AM / 4 years ago

MARKET EYE-USD/INR trims fall as oil firms step up purchases

* USD/INR trims most falls to trade at 60.94/95 versus
its close of 61.10/11 and off the day's low of 60.72 as oil
firms step up dollar purchases.
* The pair fell earlier in the day after the U.S. jobs data on
Friday suggested the Federal Reserve would be cautious in
rolling back its bond-buying programme.
* Traders said good dollar sales by foreign banks and a large
state-run bank earlier hurt the pair but importer demand
supported.
* The pair is seen moving in a 60.50 to 61.50 range during the
rest of the week.

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

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