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MARKET EYE-USD/INR eases; Asian FX stronger
May 30, 2013 / 4:07 AM / 4 years ago

MARKET EYE-USD/INR eases; Asian FX stronger

* USD/INR lower in volatile trading at 56.11/12 versus
its Wednesday's close of 56.17/18, tracking gains in regional
* Asian currencies are mostly trading stronger versus the
dollar. See for a snapshot.
* Local shares marginally lower at opening, down 0.2 percent.
* The dollar remained under pressure in early Asian trading on
Thursday, after tumbling more than 1 percent against the yen in
the previous session, on growing expectations that the U.S.
Federal Reserve will maintain its stimulus for the time being.
* Dealers will watch the gross domestic product data scheduled
to be released on Friday, and are hoping weaker growth will push
the RBI to cut interest rates again next month.


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