On Monday , Indian Rupee expected to start with positive note as greenback down , with investors cautiously bullish over the upcoming week of earnings and economic data even as the number of COVID-19 patients shows no sign of slowing down.
On Friday , USDINR was traded between 75.1375 - 75.34 levels before finished at 75.20/21 levels.
The World Health Organization reported a record increase in global coronavirus cases on Sunday, with the total rising by 230,370 in 24 hours.
India's Reliance Industries said on Sunday Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million).
INTRADAY RANGE - 74.87 ( 75.05 - 75.35 ) 75.52
GLOBAL HIGHLIGHTS
Hong Kong dollar (HKD) is suddenly looking vulnerable, after weeks of trading at the strong end of its band against the greenback. Late on Friday, the currency weakened rapidly in its biggest drop since mid-June, when the exchange rate was buffeted by Beijing’s decision to impose laws curbing dissent in the city. The decline was unexpected, given persistent inflows into the former British colony, but may have been triggered by concern about possible financial sanctions and a narrowing of the yield gap between the Hong Kong and U.S. dollars.
The Dollar Index slipped 0.20% to 96.42 ,USDJPY pair was down 0.07% to 106.81. AUDUSD gained 0.28% to 0.6967, while the NZDUSD pair was down 0.08% to 0.6574.
USDCNY was up 0.05% to 7.0022. China is due to release its trade data for June on Tuesday, with a second round, including the second quarter GDP, due to be released on Thursday. GBPUSD pair jumped 0.25% to 1.2651.
Yields on U.S. 10-year notes came close to record lows last week at 0.569% and were last at 0.63%.
Asian shares got off to a firm as investors wagered U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns.
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