USDINR
On Friday, USDINR is likely to commence the session with a firm note between 75.55 – 75.65 levels as the greenback was firm on Friday ahead of U.S. inflation figures, which could settle the course of interest rates, while the Chinese yuan was nursing its sharpest drop in months after a nudge lower from authorities triggered a slide.
India's retail inflation likely accelerated last month towards the upper limit of the central bank's target range as fruit and vegetable prices climbed.
On Thursday, Indian shares closed higher, climbing for a third consecutive session aided by gains in consumer and metal stocks, a day after the central bank left key interest rates unchanged in line with expectations.
Indian farmers called off a year-long protest on Thursday after the government conceded a clutch of demands, including assurances to consider guaranteed prices for all produce, instead of just rice and wheat.
Day Trend: - HOLD
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