On Thursday , USDINR likely to start session with firm note between 73.45 - 73.55 levels as greenback down on early morning in Asia, with investors continuing a retreat from the safe-haven asset after progress in U.S. stimulus measures and Brexit talks boosted risk appetite. We are witnessing , bulls and bear fight between 73.40 - 73.70 levels , As market participant trying to keep USDINR below 73.50 levels but Central Bank providing time to time supporting on respective levels.
Yesterday , In interbank market Domestic unit ( Rupee ) opened at 73.4750 and maintain to reached intraday low at 73.6125 level before finished at 73.58/59 levels.
An Indian government-backed COVID-19 vaccine showed it was safe and triggered immune responses during an ongoing early-stage trial, the company involved in the study said in a statement on Wednesday.
Hundreds of Indian women, including many widows of farmers who were believed to have killed themselves over debt, joined a protest on Wednesday against government reforms that farmers say threaten their livelihoods.
INTRADAY RANGE - 73.28 ( 73.41 - 73.65 ) 73.79
GLOBAL HIGHLIGHTS
FOMC two-day policy meeting finished on Wednesday, the Fed vowed to keep pumping cash into financial markets until the U.S. economic recovery is secure. However, this promise of long-term help disappointed expectations for more immediate help as a second wave of COVID-19 cases in the country leads to an economic slide.
European Commission President Ursula von der Leyen said there is a "narrow" path to an agreement on a post-Brexit deal following talks with the UK. The UK acknowledged that "some progress" had been made, but continued to suggest a no-deal was the most likely outcome as significant differences remain.
The UK, however, is believed to have softened its stance on fisheries in a bid to get a deal over the line. Britain ditched demands for fishing vessels operating under the UK flag to be majority British-owned in the post-Brexit era, the Guardian reported, citing an unnamed source.
World major central banks are also handing down policy decisions before the end of the week. The Bank of England and the Mexican, Swiss and Indonesian central bank will hand down their policy decisions later in the day, with the Bank of Japan and the Bank of Russia handing down their decisions on Friday.
On early Thursday , Oil prices hit a 9 month high after U.S.A data showed that crude stockpiles fell last week and on optimism over a coronavirus relief package in the United States.
Crude inventories fell by 3.1 million barrels in the week to Dec. 11. This was more than analysts' expectations of a 1.9-million-barrel drop, after stockpiles surged in last week's data.
Bitcoin has seen a rise in value, as it gained 15.75% Over the past seven days, . The volume of Bitcoin traded in the twenty-four hours to time as of writing was $45.9B or 25.13% of the total volume of all cryptocurrencies. It has traded in a range of $17,600.1387 to $21,832.3672 in the past 7 days.
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