January 10, 2013 / 3:58 AM / 5 years ago

MARKET EYE-USD/INR lower on strong China trade data

* USD/INR slips after opening flat, at 54.62/64 versus 
last close at 54.75/76.
* "There is a small bout of selling that has come in after the
good China data," says foreign bank dealer.
* China's exports in December grew 14.1 percent from a year
earlier to hit a seven-month peak, data showed on Thursday,
while analysts polled by Reuters expected annual growth of 4
percent. Imports grew 6 percent. 
* The government's move to mend public finances is also positive
for the Indian rupee. 
* Local shares open strong, up 0.53 percent.

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

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