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| | | Global Markets Daily by Saktiandi Supaat |
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| | | RBI and BoC meet today. Consensus and we are expecting the RBI to hold policy rate steady amid a recovering economy and long-term prospects when it decides on policy at 5pm (SG/KL time). We eye the policy statement from the RBI for directional cues for the INR. BoC's rate decision later tonight 11pm (SG/KL time) is not likely to spring any surprises as well. Although the BoC is unlikely to raise rates (already raised twice this year), we look for signals from the central bank that might ... | |
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