On Friday , Rupee likely to start with firm note but there will be some volatility as dollar getting firm , USA stocks tumble on tech shares fall as well as Indo - China tension. Yesterday USDINR getting firm bid in lower levels from 72.15 and finished at near intraday high at 72.4850, Day range was 73.15 - 73.5050 levels.
The Reserve Bank of India’s (RBI) acknowledgement that an appreciating rupee is helping to offset imported inflation has perplexed many in the market.
India has ordered tougher scrutiny of visa requests by a Chinese non-profit headed by a senior official of the ruling communist party, designating it as an entity of concern in a broader security sweep, sources involved in the matter say.
India reported another record daily jump of 83,883 corona-virus infections on Thursday, taking its tally to 3.85 million, just 100,000 behind Brazil, the world's second most affected nation, health ministry data showed.
INTRADAY RANGE - 72.90 ( 73.26 - 73.61 ) 73.97
GLOBAL HIGHLIGHTS
There was no single reason for the sharp slump in U.S. markets, with analysis pointing to increased volatility or the more typical September sell-off for the drops that were led by some of the biggest names in technology.
The Antipodean currencies initially fell slightly, tracking the broader loss of investor confidence as a sell-off in U.S. tech shares hit Asian stocks and a closely-watched measure of market volatility (VIX) hit a 10-week high.
The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that may cast doubt on the strength of economic recovery from the corona-virus outbreak.
The Australian dollar clawed back early losses and stabilized after the country's retail sales accelerated in July, easing concern about the economy.
The British pound bought $1.3279, retreating from its highest level in almost a year due to a lack of progress in trade negotiations between Britain and the European Union.
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