USDINR opening seems within range bound , within couple of days the pair trading near resistance levels despite dollar was up on Tuesday morning in Asia, with doubts over the status of the latest U.S. stimulus measures continuing to linger. The Chinese yuan continued near a two-year high against the dollar over signs of continued economic recovery in the country.
At least half of India's 1.3 billion people are likely to have been infected with the new coronavirus by next February, helping slow the spread of the disease, a member of a government committee tasked with providing projections said.
INTRADAY RANGE - (73.22 - 73.47 ) 73.63
GLOBAL HIGHLIGHTS
Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the U.S. election and as a deadline for Washington to pass an economic stimulus bill approached while Europe reported record daily coronavirus infections.
The pound eased from against the dollar from session highs Monday, but remained supported as the EU appeared to extend an olive branch, saying it remains committed to intensifying Brexit-deal talks with the U.K.
The yuan held near a two-year high against the dollar in offshore trade on Tuesday on signs of a robust economic recovery in China however, doubts about a U.S. stimulus deal capped gains for other risk currencies.
The Dow fell Monday, as U.S. House Speaker Nancy Pelosi reportedly signaled that a deal was not imminent, denting hopes of a deal somewhat with just a day to go until the Tuesday deadline imposed by the house speaker.
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