On Tuesday Morning , USDINR likely to commence with mild negative note as USA and #China over trade and Hong Kong’s national security laws, U.S. Secretary of State Michael Pompeo issued a statement on Monday rejecting Chinese claims in the South China Sea. Pompeo’s statement came on the back of China’s recent military exercises in the contested waters around the South China Sea’s Paracel Islands.
Yesterday , USDINR was in tight range between 75.0875 - 75.2375 levels.
India's retail inflation picked up in June, pushed by price increases for some food and fuel items, but economists said the central bank could still ease rates because of concerns about economic slowdown caused by lockdown.
Foreign investors have begun to price in a slower rebound for Indian stocks this year on concerns that the relatively meagre stimulus the government has delivered for businesses and consumers will leave the economy trailing its main rivals.
India's Supreme Court on Monday upheld the right of a former royal dynasty to run the Sri Padmanabhaswamy Temple, one of the world's richest places of worship, after the state government tried to take it over when the family patriarch died.
INTRADAY RANGE - 74.98 ( 75.13 - 75.28 ) 75.43
GLOBAL HIGHLIGHTS
China’s Trade Rose in Yuan Terms in June Amid Worsening Virus.
The United States on Monday rejected China's disputed claims to offshore resources in most of the South China Sea, a move that Beijing criticized as inciting tensions in the region and which highlighted an increasingly testy relationship.
The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move that could foreshadow a broader crackdown on U.S.-listed Chinese firms under fire for sidestepping American disclosure rules.
Beijing's top representative office in Hong Kong has warned the pro-democracy opposition's primary elections at the weekend could violate a new national security law, exacerbating concerns over a crackdown on the former British colony's democracy movement.
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