USDINR
On Monday, USDINR is likely to commence between in range of 81.95 – 82.05 levels despite dollar rose after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central banks added to pressure on riskier currencies.
India sees over 72% of withdrawn 2,000 rupee notes taken to banks.
Indian edtech Byju's global investors confirm board exits
Bringing down inflation key to reviving private capex in India, RBI bulletin says
India's insurance regulator approves transfer of HDFC Life shares to HDFC Bank.
USDINR TECHNICAL
Day Trend: - BUY ON DIP
Weekly Trend: - BUY
INTRADAY RANGE – 82.14 (82.06 – 81.98) 81.90
THE FX MARKET
The overall picture, though, indicated U.S. economic growth ticked up a notch in the second quarter even as worries persist that the Federal Reserve's aggressive interest rate increases over the past year will trigger a recession.
USDJPY was up 0.42% at 143.55, its strongest level in more than seven months. The Japanese currency has come under renewed pressure as the Bank of Japan (BOJ) maintains an ultra-dovish stance.
The British currency has come under pressure from rising expectations the UK economy could slip into recession after the Bank of England on Thursday delivered an outsized rate hike in response to persistent inflation.
OIL PRICE
On Monday, Oil prices rose in early Asian trade after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers.
CRYPTO
In crypto currencies, bitcoin rose 3.46% to a 1-year high of $30,924, on pace for a near 17% gain for the week, its best weekly gain since mid March.
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