The Rupee commence fresh week with firm note near mid term resistance at 72.74 - 72.82 levels against greenback. Foreign Inflows keeps domestic unit firm as well as Indices enjoying at all time high levels.
The Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future.
On Friday , The domestic unit opened at 72.9850 in interbank forex market against US dollar, unit hit intraday high at 72.79/80 levels after touched intraday lows at 72.9950/73.0050 levels. USDINR finished Friday session at 72.92/93 levels.
USDINR INTRADAY RANGE - 72.56 ( 72.74 - 72.97 ) 73.17
On Monday , Asia Pacific stocks were up early morning in Asia, starting the week with on an optimistic note after U.S. Secretary of the Treasury Janet Yellen pushed for a U.S. stimulus package to be passed and COVID-19 trends showed improvements.
OVID-19 daily cases are declining in countries such as the U.S., France and Germany. There were also no new locally transmitted COVID-19 cases for the first time in nearly two months in China.
On the central bank front, Federal Reserve Chairman Jerome Powell will deliver remarks during a webinar on Wednesday.
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