On Thursday , USDINR likely to commence session within range bound between 73.05/73.12 levels. Pair getting support by importers in lower levels, but heavy inflow in equity market keep pair in south. In absence of central bank aggressive intervention such south side momentum will be continue.
Honda Motor Co is offering voluntary retirement to some permanent employees at its motorcycles and scooters unit in India amid slowing demand there following the COVID-19 pandemic, the company said on Wednesday.
Four contract workers at the Steel Authority of India Limited’s Rourkela steel plant in eastern India died on Wednesday after a suspected gas leak, the state-owned company said in a statement.
Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment, a private survey showed on Wednesday.
INTRADAY RANGE - 72.88 ( 73.03 - 73.18 ) 73.33
GLOBAL OUTLOOKS
Protesters supporting Donald Trump swarmed the U.S. Capitol on Wednesday, putting it on lockdown, as Vice President Mike Pence rebuffed the president's demand to overturn his loss to Democrat Joe Biden and the Senate's Republican leader denounced a bid in Congress to undo the election outcome. This report produced by Chris Dignam.
Bonds nursed losses and Asian stock markets rose on Thursday in anticipation of a big borrowing and big spending Democrat administration driving growth.
Greenback languished near its lowest level in nearly three years on Thursday after Democrats won control of the U.S. Senate, clearing the way for a larger fiscal stimulus under President-elect Joe Biden.
The New Zealand dollar continues to rally this week. Currently, NZD/USD is trading at 0.7291, up 0.49% on the day. The pair has gained 1.4% this week and has touched a high of 0.7315 today, its highest level since April 2018.
Bitcoin marked a fresh all-time high of $37,386 on Thursday, extending a surge of more the 800% since mid-March.
Yellow Metal (Gold) prices tumbled 2% Wednesday in profit-taking ahead of an anticipated swing in Senate control to President-elect Joe Biden’s Democratic party, that analysts said could result in new stimulus by his administration and new highs for the yellow metal.
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