On Monday , The domestic unit (Rupee) getting clues from Asian peer, they are trading firm against greenback down on early morning in Asia, starting the week on a down note as disappointing U.S. jobs data raised expectations of fresh economic stimulus measures, and pound investors monitored Brexit trade talks between the U.K. and the European Union (EU).
On last trading session USDINR stuck in tight range between 73.70 - 73.8225. Pair opened at 73.81/82 level and slip till 73.70/71 before RBI policy. After RBI Policy unchanged pair against try to gain momentum and climb till 73.8225/8325 levels before finished at 73.79/80 levels.
Demonstrators converged on the Indian embassy, located on Aldwych, a major artery in the center of the British capital, and groups marched around the Trafalgar Square area. Few wore masks or observed social distancing.
INTRADAY RANGE - 73.52 ( 73.66 - 73.83 ) 73.98
GLOBAL HIGHLIGHTS
The United States was preparing sanctions on at least a dozen Chinese officials over their alleged role in Beijing’s disqualification of elected opposition legislators in Hong Kong. The move comes as President Donald Trump’s administration keeps up pressure on Beijing in his final weeks in office.
The offshore yuan hovered just shy of its two-and-a-half year high of 6.5070 seen on Friday. Meanwhile, Chinese trade data, Export (YOY) improve more then anticipated (21.1% Vs 11.4%) , Import (YOY) miss the previous levels (4.5% Vs 4.7%), Trade Balance improve on dollar term (75.42billion Vs 58.42billion).
Investor focus is on a last-ditch attempt by Britain and the European Union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.
The pound retreated from the two-and-a-half year high of $1.3540 seen on Friday, as all eyes are on the talks between the U.K. and the EU as the end-of-year deadline to reach a deal draws closer.
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyden are due to speak over the phone later in the day, with hopes that the differences over the issues will have narrowed by then.
Oil was down on Monday morning in Asia, with an ever-increasing surge in COVID-19 cases globally prompting fuel demand worries amid a series of renewed lockdowns.
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