USDINR
We are witnessing USDINR getting resistance near 75.55-75.57 levels that is long term stronger resistance area, Pair is likely to commence Thursday session with a mild weaker note between 74.30 – 74.40 levels as the greenback fell against several of its major counterparts, as easing concerns about the economic hit from the Omicron COVID-19 variant helped support riskier currencies, with the Australian dollar on pace to notch a third straight session of gains.
The head of India's armed forces, General Bipin Rawat, was killed in a helicopter crash on Wednesday.
On Wednesday, India's central bank held its key lending rate at a record low, saying growth was a priority as it warned of risks from inflation and the new Omicron variant on the economic recovery.
Last trading session, Indian shares closed higher as the country's central bank held its key lending rate at a record low, prioritising growth amid risks from inflation and the new Omicron coronavirus variant.
India's protesting farmers have received a revised proposal from the government addressing some of their pending demands such as a new law to secure government prices for crops beyond rice and wheat, farm union leaders.
Day Trend: - HOLD (UPSIDE SELL)
Comments