Fixed Income And Currency Market

6 May 2019

INR Strengthen on Easing crude oil prices

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INR strengthen last week against the USD amid broad weakness in USD and easing crude oil prices. Crude oil prices fell sharply after data released on Thursday showed that US crude stockpiles rose 9.9 million barrels in the week ended Apr 26 to 470.6 million barrels, highest since September 2017.

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Ketan Verma
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