Rupee likely to be commence Thursday trade with weaker note as dollar bounce back from firm USA data , Indo - China border tension mounting as well as Indian Banking moratorium case outcome likely today.
Yesterday , USDINR started at 73.06 levels then drag till 72.9025 levels before finished at 73.03 levels. Day range was 73.15 - 72.9025 levels.
India said on Wednesday it would allow metro services to reopen nationwide, despite the number of novel corona-virus infections there reaching almost 3.8 million.
India on Wednesday banned another 118 mobile apps including Tencent Holdings' popular videogame PUBG, as it stepped up the pressure on Chinese technology companies following a standoff with Beijing at the border.
An Indian parliamentary panel on information technology will summon Facebook Inc executives again as issues regarding the social media giant's content regulations policies could not be settled on Wednesday, the panel's chief said.
INTRADAY RANGE - 72.78 ( 73.03 - 73.32 ) 73.52
GLOBAL HIGHLIGHTS
The dollar was on a downward trend on Thursday morning in Asia, reversing some earlier gains.
ECB chief economist Philip Lane said on Tuesday the euro-dollar rate “does matter” for monetary policy, thereby suggesting the ECB action on the rate could be forthcoming.
Japan and China both released purchasing managers index (PMI) figures earlier in the day, with both countries seeing slight dips.
Asian equities were set to open higher on Thursday after stronger U.S. economic data and the prospect of additional U.S. stimulus prompted sharp, and broader, gains on Wall Street, while the dollar extended its upward move.
Oil prices held steady in early trade, sitting around multi-week lows based on concerns about fuel demand due to a patchy U.S. economic recovery.
U.S. agency defends decision to withhold report on Russian claims about Biden's health
Longs in the yellow metal took another hammering on Wednesday as both futures on Comex and the spot price of bullion fell more than $30 an ounce each in a selling spree that stretched from early in the New York session to the close.
Comments