The Domestic Unit maintain doldrums emotion between 73.50 - 73.90 levels , FII inflows try to keep Rupee in positive territory but central bank time to time mild intervention takes rupee in competitive range on export front against greenback. As we are witnessing , Indian 10 year Government bond yields building base near 5.88 - 5.90 , last traded at 5.95 its 0.04% jumped from previous closing that indicate selling in 10 year Government bonds on excess liquidity, makes inflation out of reach from central bank target.
Tens of thousands of Indian farmers intensified their protests against three new agricultural laws aimed at overhauling food grain procurement and pricing rules by allowing private companies direct access to the vast agrarian sector.
India's northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea's Samsung Electronics Co to set up a 48.25 billion rupee ($654.36 million) display factory.
USDINR Strategy : - Importers must cover shot term exposure in every 15 - 20 pips correction as well as mid term positions hedge thru option strategies. Exporters must actives on 73.85 - 73.95 levels for near term exposures.
INTRADAY RANGE - 73.44 ( 73.59 - 73.75 ) 73.93
GLOBAL HIGHLIGHTS
The dollar traded near a 2 1/2-year low against major peers ahead of a U.S. Federal Reserve meeting ending Wednesday where policymakers are expected to increase purchases of longer-dated Treasuries to contain a rise in yields.
Investors have sold the dollar on expectations of a global recovery, buoyed by positive coronavirus vaccine news and hopes for further U.S. stimulus that should lift the market's risk appetite.
The British pound rose against the dollar and euro on hopes that Britain and the European Union will secure a free trade agreement after their decision to extend negotiations beyond the Sunday deadline.
The rally in sterling may not last, some analysts warn, because Britain and the EU have repeatedly struggled to narrow their differences and there is still a risk that trade and business will be thrown into chaos without an agreement.
That all ends on Dec. 31, and if by then there is no agreement to protect around $1 trillion in annual trade from tariffs and quotas, businesses on both sides would be hit hard, but the British pound is more vulnerable to selling than the euro, analysts warn.
Australian central bank minutes on Tuesday could prompt investors to scale back bets for additional monetary easing.
New Zealand dollar edged higher ahead of data later in the week forecast to show a sharp rebound in the country's gross domestic product.
Germany will close most stores from Wednesday until at least Jan. 10, cutting short the busy Christmas shopping season, as it tightens coronavirus restrictions and tries to rein in the spread of the disease, Chancellor Angela Merkel said on Sunday.
U.N. Secretary-General Antonio Guterres called on every country to declare a "climate emergency" on Saturday, as world leaders marking the fifth anniversary of the Paris climate accord made mostly incremental pledges relative to the scale of the crisis.
Just days after bushfires threatened an Australian World Heritage site, thousands were bracing for floods on the subtropical east coast on Sunday, with beaches closed and the authorities urging people to sandbag their homes.
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