USDINR
Happy Monday, We are expecting The Rupee likely to commence Monday session with a weaker note between 74.50 – 74.60 levels against the greenback as Expectations that the Fed will tighten monetary policy at a faster pace than previously anticipated had driven a rise in yields and the dollar last week, and the U.S. dollar index was set for biggest weekly percentage gain since mid-December.
Markets are pricing in as many as four rate hikes this year, starting from March and expect the Fed to start trimming its $8 trillion-plus balance sheet within months. Next week's Fed meeting could shed some light on how fast it will tighten.
In cryptocurrencies, bitcoin was also dragged lower and hit its lowest level since August. It was last down 6%, while ether was down more than 8%.
India's HDFC Capital, a private equity investment manager, said on Sunday it has raised $1.8 billion from investors, lead by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), for its third low-cost housing fund.
India reported over 300,000 new COVID-19 infections for the fourth straight day even though the caseload over the last 24 hours was slightly lower than a day before, data released by the government on Sunday showed.
Day Trend: - BUY ON DIP
INTRADAY RANGE – 74.88(74.75 – 74.34)74.19
Commentaires