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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar decline slows as investors wait on Fed

* Traders bulk up on biggest bull position in sterling since Brexit

* Dollar stabilizes after last week's selloff; Chinese yuan hit by weak GDP

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR is now consolidating within a wide range of 82–82.25; when it closes above 82.25, we will see some shortcovering rallies towards 82.3–82.50 levels. On the downside, at 82.00, it has an important support level of 81.90–81.80.whiel below 81.80 it may head towards 81.70-81.60 zone.

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