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Rupee Will Trade In Narrow 61.60-62/$ Range: NS Venkatesh

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October 9: IDBI Bank’s NS Venkatesh says the RBI’s move to cut MSF rates has improved liquidity in the markets and is a very welcome step. A relatively stable rupee allowed RBI to partially roll back the MSF, he says, adding that strong trade data, with deficit below $10 billion, should further support the currency. In this segment, he goes on to explain the outlook for oil demand, the currency and bond yields.