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MARKET EYE-USD/INR little changed ahead of RBI policy
June 3, 2014 / 4:13 AM / in 3 years

MARKET EYE-USD/INR little changed ahead of RBI policy

* USD/INR little changed at 59.1550/1650 versus its previous
close of 59.1525/1625 on caution ahead of the central bank's
monetary policy review decision announcement due 0530 GMT.
* All but three of the 52 economists polled by Reuters expect
the RBI to hold key policy rates steady in its monetary policy
* The Reserve Bank of India Governor Raghuram Rajan is expected
to keep the country's key lending rate unchanged and temper his
tough rhetoric on inflation in a conciliatory gesture to a new
government elected on a platform of reviving economic growth.
* Traders will monitor domestic shares for cues on foreign fund
* The pair is seen trading in 59.00 to 59.40 during the session.


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