Reuters logo
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
review. 
* 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
flows. 
* The pair is seen trading in 59.00 to 59.40 during the session.

 (neha.dasgupta@thomsonreuters.com/;
neha.dasgupta.thomsonreuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below