USDINR
The domestic unit (Rupee) maintain buy on dip trend, We are expecting that USDINR commence session with firm note between 74.73 – 74.83 as greenback is advance over some of its detractors who have been pushed off the bearish bandwagon after the Federal Reserve's hawkish tilt started the countdown on policy tightening much earlier than expected.
India's retail inflation probably accelerated to a seven-month high in June on rising food and fuel prices, staying above the Reserve Bank of India's comfort zone for a second straight month.
Twitter Inc’s India unit has appointed an interim chief compliance officer and will soon designate other executives to meet the country’s new IT rules.
Day Trend: - BUY ON DIP.
INTRADAY RANGE – 74.45 (74.64 – 74.84) 75.03
YIELDS
Investors flocked to the safety of bonds overnight with 10-year U.S. Treasury yields reaching levels not seen since February.
GBPUSD
GBPUSD Further increase in the bears’ pressure will decrease the price further to penetrate $1.36 level, the support level of $1.35 may be tested and break down to expose the support levels of $1.34. Above the current price are resistance levels at $1.37, $1.38 and $1.39.
AUDUSD
The AUDUSD has fallen for a third straight day. In early Asian session, Aussie is trading at 0.7416, down 0.17% on the day. It’s turning into an ugly week for the Australian dollar, as AUD/USD has fallen by 1.30%. The pair is currently at its lowest level since December 2020.
ASIAN INDICES
Asian Indices stumbled to 2-month lows and were set for their worst weekly performance since February as confidence took a beating over the global spread of the Delta virus variant and worries it could stall a worldwide economic recovery.
Australian shares dropped 1.40%, with stay-at-home orders in Sydney.
Japanese Nikkei 225 fall 1.88%.
Kospi slipped 1.68%.
Shanghai down -0.41% and SZSE Component -1.07%.
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