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Currency Market News of 14th Sep 2016

The Indian rupee opened at two weeks low at 66.99 per dollar on Wednesday, down 7 paise against 66.92 Monday.

We expect USD-INR pair to trade in the 67-67.50/dollar range in the near term

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The US dollar gained against the yen and riskier commodity currencies after the impact of dovish remarks from a top Federal Reserve official faded, boosting sentiment toward the greenback.

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