USDINR
On Tuesday , The Domestic Unit (Rupee) most likely to commence session with in range between 74.48 – 74.58 as greenback found support ahead of U.S. inflation data, with investors on edge over whether the figures may offer clues about the likely timing of tapering and interest rate hikes.
The India country's top doctor's body warned, Opening India's tourist destinations and allowing pilgrimage travel could act as COVID-19 "super spreaders" of a third wave of infections.
India's industrial output rose 29.3% in May from a year earlier.
India's June retail inflation up 6.26% y/y, central bank seen holding rates.
IND 10 year yields trading at 6.22%.
Day Trend: - BUY ON DIP.
INTRADAY RANGE – 74.27 (74.46 – 74.65) 74.84
EURUSD
The euro advance at $1.1871, with the common currency also weighed after European Central Bank President Christine Lagarde hinted at a dovish shift to the rates outlook for Europe.
USDJPY
The Japanese currency trading at 110.42 per dollar, having slipped overnight to edge further away from last week's one-month high of 109.535.
AUDUSD
The RBA tapered its bond purchases at last week’s policy meeting, scaling back from AUD 5 billion per week to AUD 4 billion per week.
OIL PRICE
Oil rose, recovering from the previous day's drop, as expectations of further declines in U.S. crude inventories outweighed fears that spreading COVID-19 variants could derail a global economic recovery.
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