www.epicresearch.co +919752199966 HEADLINESForex reserves fall by $ 485 mn to $ 294.76 billionThe countrys foreign exchange reserves were down by $ 485.9 million to$ 294.76 billion for the week ending April 19, in the wake of fall in corecurrency assets.Rupee ends lower on month-end dollar demand; US GDPawaitedThe rupee ended down, falling 0.8 percent for the week, dragged bymonth-end dollar demand from importers and weak equities.Week ahead: Debt, forex markets to be cautious ahead ofRBI policyA Reuter’s poll shows 37 of 42 economists expect the central bank to cutthe repo rate by 25 basis points on MayRBI REFERENCE RATEAs on 26thAPRIL 2013UNDERLYING RATEUSDINR 54.2935EURINR 70.6750GBPINR 83.8835JPYINR 55.0500 TRADING TIPS BUY USD/INRABOVE 54.40forTGTS of54.52/54.6554.39/54.51
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