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USD/INR closed at 69.68 against its opening at 69.55. USD/INR ends up on wednesday amid caution ahead of fed policy. market was rebounded with dollar inflow hopes that weighed on the pair earlier in the day gradually fading as the US Fed's policy announcement time is nearing.aggressive paying in dollar/rupee forwards was also exerting upward pressure on the spot pair."It looks like some positioning adjustment just ahead of the FOMC event. Also the drastic upward movement in forward premia is impacting spot.Global markets rallied after Beijing and Washington said Presidents Xi Jinping and Donald Trump will meet at the G-20 summit next week......


The dollar held near a two-week high on Wednesday ahead of the Federal Reserve’s closely-watched policy decision later in the day, supported by a surprisingly dovish European Central Bank and bearish eurozone economic data.The Fed is widely expected to stand pat on monetary policy this time but open the door for an interest rate cut at the next meeting in July.The market has mostly priced in a July rate cut and unless there is a big dovish surprise at the FOMC (Federal Open Market Committee) meeting it is hard to imagine the dollar coming under downward pressure.But there will be a lot to digest at this FOMC, such as the Fed’s views on the economy and prices and Chair (Jerome) Powell’s comments. It is hard to tell which of these factors the market decides to latch on and react to.......

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USD/INR closed at 69.68 against its opening of 69.55.

Sensex closed at 39,113, up 66 points, Nifty ended absolutely flat at 11,691.

India’s retaliatory tariffs on 28 US products comes into effect.

China to maintain anti-dumping tariffs on U.S. distillers grains.

U.S., China rekindle trade talks ahead of Trump-Xi G20 meeting.

Dollar near two-week high before Fed as dovish ECB supports.

The Federal Open Market Committee's (FOMC) two-day policy decision is due today.

Asian shares climb, wager all on dovish Fed, trade hopes revive.

Japan says G20 summit to debate trade including WTO reform.

Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tensions.

OPEC, non-OPEC to meet next on July 1-2 - OPEC website.

Gold inches lower as trade optimism, dovish ECB lift equities.

France plans to scrap 1 billion euros of tax breaks for companies.

Japan exports slide for sixth month as trade troubles knock demand, weaken outlook.

U.S. government posts $208 billion deficit in May.

UK PM candidate Johnson: Britain must leave EU by Oct. 31 or pay the price.

India doubles import quota for pulse imports: minister.

Putin says Russia-U.S. relations are getting worse and worse.