RBI expected to maintain status quo on monetary policy

Published On - July 30, 2018

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INR forecast: INR opened at 6869 and now at 6877. Range for the day is 6860 to 6885.

Over the next two days there are meeting of major central banks- BOJ, FOMC, RBI and BOE. Tom, RBI would announce monetary police stance and we expect them to keep a pause to rate hike.

Today CNY is able 6.8 and most Asian equities are in red.

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Cube Edugains is an outsourcing and advisory firm servicing corporates with solutions on optimizing borrowing cost, raising fresh loans, currency risk management, hedge solutions and any FEMA compliance related services. The promoters and key personnel of the company comprise of ex bankers and graduates from IIM- A from various banks in field of treasury, compliance and corporate banking.