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MARKET EYE-USD/INR likely lower; domestic shares, RBI on watch
February 3, 2014 / 3:02 AM / 4 years ago

MARKET EYE-USD/INR likely lower; domestic shares, RBI on watch

* USD/INR seen opening at around 62.60/62 versus its
Friday close of 62.68/69, dealers say. 
* Traders say will closely watch domestic shares, RBI
intervention if any and India's January Manufacturing PMI due
later in the day for further cues.
* Overseas investors sold Indian shares worth $104.2 million on
Friday, provisional exchange data shows.
* Nifty futures on the Singapore Exchange falls 0.51
percent, while the MSCI-Asia Pacific excluding Japan index
 down 0.43 percent. 
* USD/INR seen trading at 62.50/53 in the offshore NDF market
 
* The dollar's index against six major currencies
currently up 0.01 percent.
* Other Asian currencies trading mixed compared to the dollar.
See for a snapshot.
* The Indian state of Rajasthan has barred foreign direct
investment in supermarkets, an ominous sign for global
retailers. 
* The United States should be more aware of how its policies
affect the rest of the world, India's central bank chief said on
Friday, a day after complaining that global monetary policy
coordination had broken down. 

 (abhishek.vishnoi@thomsonreuters.com/abhishek.vishnoi.thomsonre
uters.com@reuters.net)

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