On Friday , Rupee likely to commence session with firm note between 72.95 - 73.02 levels ahead of Economic survey and Annual Budget of India. Despite of 6% -8% correction in Indian share market domestic currency stand tall on regular FII inflow shifted to Government Bonds. 10Yr. Govt. Yields caped between 5.90% - 5.98% , last traded at 5.93%.
USDINR INTRADAY RANGE - 72.75 ( 72.88 - 73.08 ) 73.19
Safe-haven U.S. Treasuries sold off overnight and the U.S. dollar softened a fraction with a broader improvement in risk appetite
Dollar remained on the back foot as an improvement in risk appetite sapped demand for the safest assets, with investors taking cheer from U.S. economic data wasn't as bad as feared. But On technical stance Greenback showing strength , medium term sentiment intact with positive momentum.
DOLLAR INDEX INTRADAY RANGE - 91.25 ( 90.77 - 90.29 ) 89.81
GBPUSD rose 0.37% to $1.3740 its highest since March 2018. Sterling jumped to a more than two-and-a-half year high Thursday, despite experts warning of "excessive optimism" in the currency amid uncertainty over the U.K. economy, which is set to suffer a further dent from an extended lockdown.
The pound has been riding a wave of optimism for weeks after the U.K. and EU avoided a no deal Brexit, but there remains a lot of unanswered questions about the U.K. economy from Brexit and extended lockdown measures.
GBPUSD INTRADAY RANGE - 1.3898 ( 1.3780 - 1.3662 ) 1.3544
Asian stock markets recovered but are headed for their steepest weekly loss in months, as a liquidity squeeze in China and a Wall Street retail-trading frenzy has unnerved investors.
Overnight Wall Street has been gripped by a coordinated assault on hedge-fund short positions by small traders organizing over online forums such as Reddit. They lost some of their firepower overnight when brokers cut off leverage and restricted trading in some of the hottest names such as GameStop and BlackBerry.
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