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The opposition in the Rajya Sabha has stuck to its demand for a statement by Prime Minister Narendra Modi in both Houses of Parliament, followed by a comprehensive discussion, even though sources said it has relented on its stand for holding such discussion under Rule 267.
The logjam over the decision to ban registration of non-BS-IV vehicles in NCR from April 1 continued today with EPCA and automobile manufacturers failing to hammer out a consensus.
Parliament will resumes on Thursday after a day's break and perhaps some work might take place with the government looking all set to agree on a discussion and vote on FDI in retail.
The rupee is likely to remain soft, it may find support at 56/USD. The logjam in Parliament and month-end demand remain key concerns, says Vikram Nanivadekar, Independent Analyst.
