On Thursday , Rupee expected to start session with positive note between 72.90 - 72.98 levels as greenback maintain south move against major peers s optimism that a massive U.S. stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven currencies.
Last Trading session , USDINR maintain southward momentum till 73.0025/73.0125 as domestic equity market enjoying liquidity . Throughout Intraday pair moved between 73.1475-73.0025 levels before finished at 73.025/73.0350.
USDINR INTRADAY RANGE - 72.72 ( 72.85 - 73.04 ) 73.19
Biden was sworn in as the 46th president of the United States on Wednesday, vowing to end the "uncivil war" in a deeply divided country reeling from a battered economy and a raging coronavirus pandemic that has killed more than 400,000 Americans.
Riskier commodity currencies remained higher after U.S. stocks rose to new records overnight as Biden, who has laid out plans for a $1.9 trillion pandemic relief package, was sworn in as President.
DOLLAR INDEX INTRADAY RANGE - 91.10 ( 90.65 - 90.20 ) 89.75
The European Central Bank (ECB) is expected keep interest rates and the pace of bond purchases unchanged on Thursday.
The central bank eased policy measures last month, so many analysts believe there is little need to ease again even as Europe prepares for a prolonged period of Covid-19 restrictions.
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