Key Points
MUMBAI, June 28 (Reuters) - The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday amid a moderation in the current account deficit (CAD) and an uptick in U.S. yields...
Non-deliverable forwards indicate the rupee will open mostly unchanged from 82.0250 in the previous session...
India's CAD in the March quarter narrowed, helped by the moderation in the trade deficit and an increase in services exports...
"Both export and import values are expected to soften owing to weak external demand and lower international commodity prices, leading to a narrower goods trade deficit compared to the previous fiscal year."..
"Based on the moves over the last few sessions, there will not be much of a response (on USD/INR) at open (to the fall in Asian currencies)," a forex trader said.. "Count on another quiet session."..
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