0353 GMT [Dow Jones] The USD/INR is slightly lower, tracking mild
gains in some regional shares and amid mixed cues from regional
currencies. The pair is at 55.87 vs 55.92 late Monday in Asia. A
dealer with a private bank says with the EUR/USD nearly unchanged from
its level when onshore India trade closed Monday, there are no big
triggers at the moment. News from the euro zone on the finer details
of the bailout fund for banks will continue to be closely watched, but
the bias for the EUR/USD appears lower as the final details are
unlikely to match expectations, he says; hence, the USD/INR is likely
to stabilize above 56.00 over the next few sessions. The dealer tips
the pair in a 55.70-56.10 band for the
session.(sudeep.jain@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 09, 2012 23:53 ET (03:53 GMT)
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