Forex tips
The Indian rupee ended stronger at 61.75/76 per dollar versus the previous close of 61.9650/9750 on foreign fund inflows, but month-end demand from oil companies limited gains. The dollar rose to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year. USDINR is likely to trade on the positive note on the back of US interest rate outlook.
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