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MARKET EYE-USD/INR finds support at 61; NSE hits record high
March 7, 2014 / 3:53 AM / 4 years ago

MARKET EYE-USD/INR finds support at 61; NSE hits record high

* USD/INR hits a new three-month low, but fails to
break past 61 in early attempts. The pair is flat on day at
61.11/12 after opening at 61.01.
* A large U.S. bank buyer in early trades, dealers say.
* NSE hits record high, up 0.4 percent. 
* Overseas investors continue heavy buying of Indian shares. At
$207.84 million on Thursday, it was their biggest daily purchase
since Dec. 19, provisional exchange data shows. 
* The euro hovered near a two-month high against the dollar
early on Friday following a relief rally when the European
Central Bank left its interest rates unchanged. 
* Most other Asian currencies like rupiah and Taiwan dollar
trading stronger compared with the U.S. dollar. See 
for a snapshot.
* A breach of 60.84 will mark the pair's lowest level since Aug.
12.

 (subhadip.sircar@thomsonreuters.com /
subhadip.sircar.thomsonreuters.com@reuters.net)

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