Interbank/ mid-market Rate at: 2019-08-19 07:28:10
USD Rates are likely to increase over the next few days*
|Today||71.20 - 71.75|
|7 days||70.20 - 71.80|
|30 days||69.80 - 72.00|
|1 Year||69.80 - 72.50|
The last week was full of events with Yuan’s devaluation generating the possibility of currency wars, flattening of US yield curve and a continuous ban on communication post scrapping Article 370 in Kashmir. RBI has cut the repo rate by 35 bps in its August monetary policy accommodating the growth concerns. While the rupee is expected to be range-bound in the coming week, the upcoming inflation and auto sales data for the month of July would be keenly watched.
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