On Tuesday , We are expecting Domestic currency (Rupee) likely to start with positive note as greenback fell sharply on Monday as better-than-expected U.S. services data strengthened investor expectations for speedier economic recovery.
Yesterday , USDINR opened at 74.52 levels then reached up to 74.82/83 levels before ended at 74.68/69 levels.
India overtook Russia to record the world’s third-highest number of corona virus infections at nearly 700,000, even as its hardest-hit state said it will allow hotels to reopen this week.
The Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters.
Mylan NV said on Monday it would launch a generic version of Gilead Sciences Inc's COVID-19 antiviral remdesivir in India at 4,800 rupees ($64.31), about 80% below the price tag on the drug for wealthy nations.
INTRADAY RANGE - 74.17 ( 74.47 - 74.77 ) 75.07
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GLOBAL HIGHLIGHTS
The World Health Organization (WHO) is reviewing a report urging it to update guidance on the novel corona-virus after more than 200 scientists, in a letter to the health agency, outlined evidence the virus can spread in tiny airborne particles.
EURUSD resistance level of $1.13 may be penetrated should there be a further increase in the bulls’ momentum and the resistance levels of $1.14 and $1.16 will be the next target. In case the bears defend the resistance level of $1.13, the price may reverse and face the south in which the significant support levels may be found at $1.12,$1.11, and $1.10.
GBPUSD, at $1.2498 as traders continue to fret over the outcome of EU and UK trade post-Brexit trade talks which will continue in London this week.
The Lebanese central bank will provide foreign currency at a fixed exchange rate of 3,900 Lebanese pounds per dollar for importers and manufacturers of essential food items.
North Korea said on Tuesday it has no intention to sit down with the United States and urged South Korea to "stop meddling in other's affairs," a senior diplomat said.
After a record 112 days on a specialised life-support system, a South Korean COVID-19 patient is recovering from double lung transplant surgery, doctors say, in only the ninth such procedure worldwide since the corona-virus outbreak began.
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