January 29, 2013 / 3:17 AM / 5 years ago

MARKET EYE-USD/INR seen slightly weak; cbank policy in focus

* USD/INR is seen edging marginally lower versus its
previous close of 53.91/92, tracking losses in most other Asian
pairs but month-end dollar demand from oil firms and caution
ahead of the central bank policy is expected to limit the fall.
* Most Asian currencies trading stronger compared to the dollar.
See for a snapshot.
* The pair is seen opening around 53.85 levels and moving in a
53.55 to 53.95 range during the session.
* The central bank's policy review, where it is widely expected
to cut key lending rate by 25 basis points, will be key. The
decision is due at 0530 GMT.
* The Nifty India stock futures traded in Singapore 
currently trading down 0.1 percent. The domestic market moves
will be watched for cues on foreign fund flows.


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