Friday, March 13, 2009

USD/INR rangebound

USD/INR rangebound, sluggish in thin trade as interest ebbs, says state-run bank's dealer; pair at 51.68 vs 51.70 earlier, 51.89 last close. "There is very little participation right now, just some intermittent need-based demand," dealer says, tips pair to edge lower to around 51.55 by session's end as most Asian currencies have held gains.

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