USDINR
Welcome to happy Monday, USDINR is most likely to commence a fresh week within a range between 75.60 -75.70 levels as the dollar was quiet at the start of a week in which central bank meetings, including by the Federal Reserve, will likely drive currency markets, while sterling fell slightly after Boris Johnson warned about the impact of the new COVID-19 variant.
Indian Prime Minister Narendra Modi said on Friday that emerging technologies such as cryptocurrencies should be used to empower democracy, not undermine it. Policymakers in India say unregulated transactions in digital currencies could hurt macroeconomic and financial stability. After initially planning to ban cryptocurrencies, the Modi government is instead considering legislation to regulate their use.
India's Prime Minister Narendra Modi's personal Twitter handle was "very briefly compromised," the Prime Minister's Office (PMO) said in a tweet early on Sunday.
Day Trend: - HOLD (RBI INTERVENTION CAN GIVE CHANCE FOR - UPSIDE SELL)
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