USDINR
On Friday, USDINR likely to commence between 74.18-74.27 as greenback held firm after the U.S. Federal Reserve's hawkish wing called for tapering bond purchases as investors looked to a highly-anticipated speech by Fed Chair Jerome Powell later in the day.
Reuters poll found, Indian economic growth likely touched a record high in the quarter through June, reflecting a very weak base last year and a rebound in consumer spending.
Raghuram Rajan, former Reserve Bank of India governor said “The onus of promoting sustainable investments should lie with governments and not central banks, which already have significant other policy commitments”.
Day Trend: - BUY ON DIP (TILL HOLD 74.00).
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