Indian Rupee will maintain winning momentum likely to start with positive note as Dollar index down, continuing its retreat over worries about the pace of the U.S. economic recovery from COVID-19. Yesterday USDINR was maintain selling on upside near 74.9550 / 74.9650 levels , Intraday pair was stuck between 74.8375 - 74.9550 levels.
Prime Minister Narendra Modi on Wednesday launched the construction of a Hindu temple on a site that has been contested by Muslims for decades in a dispute that has sparked some of India's bloodiest communal violence.
The Central Bureau of Investigation will probe the death of Bollywood actor Sushant Singh Rajput, its top prosecutor said on Wednesday, the latest twist to a murky case that was reported as a suicide and has dominated Indian social media for over a month.
INTRADAY RANGE - 74.65 ( 74.78 - 74.95 ) 75.05
RBI CREDIT POLICY (11:45 AM TO 12:00 PM)
GLOBAL HIGHLIGHTS
Dow Jumps as Lawmakers Step Up Efforts to Get Stimulus Bill Over the Line . A sea of green washed over stocks as investors cheered signs of progress on the virus aid bill, which many believe is critical to support the economy's nascent recovery. Lawmakers on both sides of the aisle were said to have made some concessions to break the deadlock.
Sterling last sat 0.1% firmer at $1.3125 and other majors were steady - with the euro at $1.1865 and the yen at 105.55 per dollar.
The Bank of England is widely expected to refrain from taking any further action as it convenes for its policy review later in the day. The benchmark interest rate is expected to remain at 0.1%, a record low, and the bank is also expected to make no changes to its bond-buying stimulus program.
Oil prices were unchanged on Thursday as fuel demand worries, struggling to hold onto 5 month highs reached in the previous session.
Overnight gold to a fresh record high above $2,070 an ounce and silver to a seven-year high exceeding $27.
Several international banks failed to close their lira positions with Turkish counterparts on Tuesday, an outcome of policies that are keeping a lid on local-currency liquidity offshore, according to people familiar with the matter.
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