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MARKET EYE-USD/INR edges up after CPI, IIP data; shares in focus
August 13, 2014 / 3:58 AM / 3 years ago

MARKET EYE-USD/INR edges up after CPI, IIP data; shares in focus

* USD/INR trading at 61.27/28 versus its Tuesday close
of 61.08/09.
* Traders say higher-than-expected jump in CPI hurts sentiment
for the rupee. 
* IIP data also disappoints market. 
* Bidding momentum in USD/INR to continue with the pair seen
holding in a 61.15 to 61.40 range for the day, say traders.
* Local shares  trading little changed, to be
watched for clues on foreign fund flows. 
* Asian currencies trading mixed against the dollar. 

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

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