August 27, 2013 / 3:28 AM / 4 years ago

MARKET EYE-USD/INR likely to open higher after food security bill

* USD/INR may open higher on fears of pressure on the
twin deficits on account of the food security bill. The pair is
seen opening at 65 versus its 64.30/31 close on Monday.
* India's lower house of parliament approved a plan worth nearly
$20 billion on Monday to provide cheap grain to the poor, a key
part of the ruling Congress party's strategy to win re-election.
* The yen rose on Tuesday as risk sentiment took a hit on
worries that the United States may be edging toward possible
military action against the Syrian government over a suspected
chemical weapons attack. 


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