USDINR
On Thursday, USDINR is most likely to commence session with a mild weaker note as the greenback was down on early Asian session, hitting its lowest level since Friday after minutes from the last U.S. Federal Reserve meeting suggested policymakers are not set on a particular pace of interest rate hikes.
Fed January meeting minutes released on Wednesday, Fed officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that decisions would depend on a meeting-by-meeting analysis of data.
India's income tax authorities have conducted searches at multiple premises of Chinese telecoms equipment maker Huawei Technologies as part of a tax investigation, a government source told Reuters, confirming local media reports.
On Wednesday, Indian shares closed in the red, weighed down by banks, as investors turned cautious after a massive rally in the previous session while keeping an eye on Russia-Ukraine tensions.
Global stocks rebounded on Wednesday in hopes of easing tensions between Russia and Ukraine. But worries lingered as Kyiv appeared to blame Russia for a cyberattack, and U.S. President Joe Biden warned that more than 150,000 Russian troops were still near Ukraine's borders.
Day Trend: - HOLD
INTRADAY RANGE - 75.41(75.16-74.91)74.72
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