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News Box

* US Dollar ticked lower, and 10 year yields were little changed as US Senate passed a stop gap funding bill aimed at averting a federal government shutdown.

* Gold holds biggest gain since March on signs of uneven recovery

* India swings to bigger than expected current account surplus. Budget deficit reaches 31.1% of FY target.

* Global funds sell net INR 22.3b of India stocks yesterday

OUTLOOK - USDINR

Look for declines to 74 – 73.80 to entry fresh longs. Upsides may be limited to 74.4-74.54 for now. Direct fall below 73.80 would negate all bullish momentum

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