Reuters Market Eye - The rupee is not far from its record low of 58.98 hit last week. The rupee is at 58.41/42 versus 57.87/88 at Monday's local close. A large private corporate USD seller is capping gains for the pair, say several dealers. The pair faces resistance at 58.42, which, if it holds good, may result in a downmove to 58.05 levels, says a senior trader with a foreign bank. Local stocks down 0.4 percent, in line with MSCI ex-Japan index losses. USD/INR NDFs surge overnight, closing NY trade at 58.56-58.59. ...
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