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USD/INR looks to finish the session at the....>

INDIA
INDIA: USD/INR looks to finish the session at the highest levels of the day.
After a relatively sanguine session, the final 30 minutes saw firm USD/INR
demand, driving the spot price north of 69.30 for the first time since March
14th. Moves comes in tandem with a bout of EMFX selling as USD/RUB, USD/MXN and
USD/TRY all move to the best levels of the session.
-Focus remains on the Reserve Bank of India's open market operations following
the currency swap auction earlier in the week. The RBI held several repo
operations overnight, resulting in a net drain of close to 700bln INR (approx
$10bln). 
-Today's move higher may have been triggered by the break above multi-year
trendline resistance at 69.22. INR bulls may take some confidence, however, in
the 50-dma closing in on the 200-dma to the downside. A break of which would
form a death cross in USD/INR for the first time since early 2018.

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