HAPPY 😊😊 MONDAY :- RUPEE FIRM, GLOBAL VOLATILITY WILL INCREASE, LIC IPO!!

USDINR

Happy Monday, USDINR likely to commence fresh week within range-bound at 74.60 – 74.70 as Market sentiment improves as Russia-Ukraine headlines flash positives, inflation woes keep buyers in check.

Fed policymakers recently stepped back from strong rate hikes.

The US warns over imminent Ukraine invasion by Moscow as Russia and Belarus extend military drills, Putin-Biden summit chattered of late.

US Treasury yields remain pressured after snapping a three-week uptrend; stock futures track Wall Street losses amid sluggish week-start.

A public offering of shares by India's state-run Life Insurance Corp (LIC), set to be the country's biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources.

Day Trend: - HOLD

INTRADAY RANGE – 75.36(74.91-74.45)74.00