USDINR
On Thursday, USDINR is most likely to commence session with a firm note between 76.35-76.45 levels as Fed issued a new statement on monetary policy that paved the way for three one-quarter-percentage-point interest rate increases next year.
Attention now turns to meetings of the European Central Bank and the Bank of England. The banks are trying to balance the need to support economies threatened by the coronavirus with the need to withdraw easy money to cool inflation.
Under the plan, India's government will extend fiscal support of up to 50% of a project's cost to eligible display and semiconductor fabricators, the government said in a statement.
India has approved a $10 billion incentive plan to attract semiconductor and display manufacturers, its technology minister said on Wednesday, as part of a deepening push to establish the country as a global electronics production hub.
Indian shares fell for a fourth straight session on Wednesday as investors braced for the U.S. Federal Reserve to announce a quicker unwinding of pandemic-era stimulus, while worries about the Omicron coronavirus variant further dented sentiment.
Day Trend: - UPSIDE BUT MARKET IN OVERBOUGHT AREA.
Comentários