On Monday , Rupee seems start within range as dollar is weaker, but capped its losses after a meeting between U.S. and Chinese officials, originally scheduled for Saturday, was delayed. At the interbank forex market on Friday, the domestic unit opened at 74.85 against the US dollar, gained ground and touched 74.75 against the US dollar, before finished at 74.9050/9150 6 pips weaker its previous close of 74.84/85.
India's main opposition Congress party called on Sunday for a parliamentary panel to investigate what it said was favourable treatment by Facebook's India team towards the country's ruling party.
INTRADAY RANGE - 74.60 ( 74.77 - 74.97 ) 75.16
GLOBAL HIGHLIGHTS
Asian shares dozed near recent highs in quiet trade as investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend, and maybe take some pressure off the beleaguered dollar.
Sino-U.S. relations remain a sticking point with U.S. President Donald Trump on Saturday saying he could exert pressure on more Chinese companies such as technology giant Alibaba after he moved to ban TikTok.
Belarusians chanting "Step down!" filled the centre of the capital Minsk on Sunday in the biggest protest so far against what they said was the fraudulent re-election a week ago of longtime president Alexander Lukashenko.
Speculation is rife the Fed will adapt an average inflation target which would seek to push inflation above 2% for some time to make up for the years it has run below it.That combined with massive new debt supply caused a sharp increase in longer-term bond yields last week with 30-year yields rising 21 basis points as the curve steepened.
Gold marginally up 0.06% to $1,951 an ounce, after the jump in bond yields saw it lose 4.5% last week in its worst performance since March.
Oil prices edged ahead after data showed crude oil, gasoline, and distillate inventories all declined in the week-ending August 7.
MAJOR FX INTRADAY RANGE
EUR/USD - HOLD
(1.1886 - 1.1816)1.1746
GBP/USD - BUY ON DIP
1.3241(1.3144 - 1.3047)1.2950
USD/JPY - UPSIDE SELL
(106.88 - 106.27)105.67
DOLLAR INDEX - UPSIDE SELL
( 93.25 - 92.84 ) 92.42
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