Reuters logo
MARKET EYE-USD/INR likely to open higher after food security bill
August 27, 2013 / 3:28 AM / 4 years ago

MARKET EYE-USD/INR likely to open higher after food security bill

* USD/INR may open higher on fears of pressure on the
twin deficits on account of the food security bill. The pair is
seen opening at 65 versus its 64.30/31 close on Monday.
* India's lower house of parliament approved a plan worth nearly
$20 billion on Monday to provide cheap grain to the poor, a key
part of the ruling Congress party's strategy to win re-election.
 
* The yen rose on Tuesday as risk sentiment took a hit on
worries that the United States may be edging toward possible
military action against the Syrian government over a suspected
chemical weapons attack. 

 (archana.narayanan@thomsonreuters.com/archana.narayanan.thomson
reuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below