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With RBI pausing dollar purchase rupee likely to move towards 73.50 per dollar

Updated : July 06, 2020 03:01 PM IST

On June 29, RBI had announced another round of “operation twist” worth Rs 10,000 crore each.
It is likely that RBI might do more such operations which could bring rupee near 73.00-73.50 levels in the medium term
Exporters who haven’t covered earlier between 75.50-76.00 levels are suggested to hold and maintain a strict stop-loss of 74.50 levels
With RBI pausing dollar purchase rupee likely to move towards 73.50 per dollar

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