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Currency outlook & strategy from brokers

Myiris.com has collated views of experts on the currency markets for today. The same are as under:

ICICIdirect:

ICICIDirect expects the US dollar to draw some buying support on declines against the INR. ``Utilize the lows in the USD/INR May catch to buy above 53.94 with 54.11/54.18 and a stop loss of 53.85,`` it says.

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