INR paused ahead of RBI meeting

Published On - July 31, 2018

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INR forecast: INR opens flat at 6870 as against yesterday closing of 68.68 and may trade the day between 68.56-68.78 and small chance of 6885.

Starting from today U.S & Indian central bank will start it’s two day review on monetary policy, outcome of which is scheduled on tomorrow. we expect US Fed to remain hawkish and increase rate in next meeting and RBI may also keep a pause.

HDFC Bank share sale started yesterday and may bring in USD inflow.

Overnight crude inches up; economic data from China was below expectations and CNY may trade with mild weakness.

Asian and global Equity markets are in profit booking mode.

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Cube Edugains

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.