On Thursday , USDINR seems commence trading between 73.70 - 73.80 levels, for opening trade Domestic unit taking clues from Emerging market currencies which is trading firm as greenback hovering around near a 2 1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets.
On last trading session ( Wednesday ) , USDINR show some strength from opening levels at 73.44/45, The pair delivered intraday highest levels at 73.8350/8450 before finished at 73.80/81 levels.
INTRADAY RANGE - 73.08 ( 73.45 - 73.88 ) 74.15
GLOBAL OUTLOOKS
The optimism helped to boost the euro despite widespread expectations the European Central Bank will enhance its quantitative easing next week. The common currency fetched $1.2124, having reached its loftiest level since late April 2018 in the previous day's trade.
The Australian dollar traded at $0.7415, having hit a 26-month high in the previous session after data showed Australia's economy rebounded more than expected in the third quarter.
The offshore Chinese yuan changed hands at 6.5468 per dollar, near its 2 1/2-year high touched last month, as it maintained its strength on expectations a Biden White House would be more conducive for China's economic growth.
The British pound held near a three-month high, last traded flat at $1.3387 after a choppy Wednesday trade as markets looked to whether Britain and the European Union can clinch a trade deal.
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