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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessRupee Breaches 83 Before Paring Losses, Domestic Markets Closed Today
USD/INR breached the 83 handle on Monday as broader greenback trends dominated flows. Gains were pared and the pair finished dealing at 82.9550.
- Bulls now target the high from 20 Oct at 83.29, bears first look to break the 20-Day EMA (82.5272) to turn the tide.
- On the wires yesterday July CPI was firmer than expectations, and above the RBIs target band, printing at 7.44% Y/Y. Trade Balance was a deficit of $20.668bn and Wholesale prices fell 1.36% Y/Y in the month.
- Looking ahead the domestic data calendar is empty for the remainder of the week. A reminder that Indian markets are closed today for the observance of a national holiday.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.