On Tuesday , Domestic currency (INR) expected to start in range bound against greenback. Early hour of Asian session most of Asia pacific as well as Chinese currency trading weaker against greenback.
On Monday , USDINR was in range bound between 75.5250 - 75.6525.
World Bank lowers India’s growth outlook, says economy will shrink by 3.2%.
Indian federal authorities on Monday struck down an order by the Delhi city government to reserve hospital beds for residents as the country reported a record number of corona virus infections in a single day.
INTRADAY RANGE - 75.32 ( 75.45 - 75.58 ) 75.71
GLOBAL HIGHLIGHTS
Dollar Stabilizes Ahead of Fed Meeting.
EURUSD Price Hits Resistance at $1.13, Reversal Potential Level.
USDCAD Falls to Three-Month Lows, but Risks Ahead Will Limit Further Losses.
Oil Up, With Investors Still Processing Unexpected Saudi Announcement.
Gold up 1% in Surprise Return to $1700 Despite Stocks’ Rally.
China’s Investment in Australia Falls to a 13-Year Low.
Japan wants manufacturing back from China, but breaking up supply chains is hard to do.
UK and Japan aim for free trade deal this year as negotiations begin.
ECB's Lagarde defends bond buys against northern challenge.
Argentina to present amended debt revamp offer to U.S. regulators -source.
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