Intraday Analysis from FXMarketAlerts.com
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USD/INR extended the upmove to 52.825 fresh day highs on local bids and firm dollar bias. SENSEX meanwhile held on to early gains. At the sidelines of ADB meet in Manila, Moody's said it does not see any imminent funding crisis in the country because of policy slippages and there is some leeway to get reforms back on track. Added that outlook was steady due to long-term growth prospects. These remarks should allay near-tern concerns over rating downgrades, especially after S&P lowered the economy's outlook to negative last week. RR







