USDINR
Happy Monday, We are expecting that USDINR commences the session with a firm note between 75.45 – 75.55 levels as the greenback rose along with other safe-haven assets on Friday after the United States said Russia has massed enough troops near Ukraine to launch a major invasion.
A Russian attack could begin any day and would likely start with an air assault, White House national security adviser Jake Sullivan told a media briefing.
Oil prices rose, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from the U.S. and Europe and disrupt energy exports from the world's top producer.
State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia's third-largest economy by a considerable margin.
India's annual industrial output growth slowed to 0.4% in December from 2.2% in the same month a year earlier, dragged down by a contraction in manufacturing, government data showed.
Day Trend: - BUY ON DIP
INTRADAY RANGE – 75.68(75.52-75.32)75.20
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