On Wednesday , USDINR most likely to start with weaker note between 73.95 - 74.05 levels. Last trading session pair break short term resistance at 73.80 - 73.85 levels as Equity market sudden sell off on fear of new corona virus mutation lockdown. We are expecting that , today session Rupee will try to recover some ground against greenback but sentiment is negative.
India’s flight ban will come into effect on Wednesday and all passengers arriving from Britain before then will be tested on arrival at airports, the aviation ministry said on Twitter.
Tens of thousands of Indian farmers, protesting over agricultural laws that they say threaten their livelihoods, have vowed to carry on their around-the-clock sit-ins despite cold weather that has already led to some deaths among them.
Farmers' leaders sought to step up pressure on Prime Minister Narendra Modi to repeal three agricultural reform laws on Monday by starting a 24-hour relay hunger strike.
INTRADAY RANGE - 73.61 ( 73.80 - 74.05 ) 74.25
BREXIT
The pound recovered some losses as Prime Minister Boris Johnson reportedly adopted a friendlier stance on talks concerning fishing quotas, sparking hopes of a Brexit deal.
Johnson made an amended proposal on fishing quotas allowing the EU to keep about 66% of its catch in UK waters, well above a previous of just 40% tabled last week, Bloomberg reported, citing unnamed sources. Talks still hang in the balance, however, as there remain differences on how to enforce any quotas, the report added, citing unnamed officials.
The news helped the pound cut its losses following earlier pressure as a mutant strain of Covid-19 prompted fresh lockdown in parts of England.
GBPUSD fell 0.34% to $1.3417, but had fallen more than 2% early-Monday morning.
The report of an improved offer from the UK comes just a day after the UK and EU missed yet another deadline to wrap up talks, with just days to go until the year-end transition deadline.
More than 40 countries including Canada, Spain, India and Hong Kong banned incoming UK flights, while France has temporarily shuttered its borders with Britain, sparking disruption to supply chains and fresh worries about the UK economic recovery.
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