USDINR
On Friday, We are expecting USDINR most likely to commence session between 74.45 – 74.55 levels as greenback fluctuated but remained range-bound on early Asian session as this week's upward trajectory of U.S. Treasury yields took a breather. U.S. 10-year note yields were at 1.8325%, off their two-year high of 1.902% reached on Wednesday.
India's wealthiest state will reopen schools next week, its education minister said, as new cases of the Omicron variant of coronavirus fell sharply, even though it had the highest tally of infections nationwide.
OPEC's share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4% rebound in annual crude purchases by the world's third-biggest oil importer, data obtained from industry sources showed.
India's blue-chip stock indexes saw hefty losses for a third straight session on Thursday as inflation and policy tightening fears continued to pressure technology stocks, while heavyweight Bajaj Finserv dropped after reporting a lower quarterly profit.
Day Trend: - BUY ON DIP
INTRADAY RANGE – 74.85(74.62 – 74.38)74.15
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