On Tuesday , Indian Rupee looks start in range bound despite greenback held overnight gains following seven weeks of non - stop fall as investors clung to hopes of a bi-partisan stimulus deal in Washington and U.S. bond yields rebounded from multi-month lows. Yesterday USDINR stuck was between 74.9700 - 74.8575 levels.
A well-known Hindu temple in India has seen more than 700 cases of the novel corona virus among its staff in the past two months, a temple official said on Monday, as cases in the country surged past 2.2 million.
INTRADAY RANGE - 74.68 ( 74.81 - 74.95 ) 75.06
GLOBAL HIGHLIGHTS
Crude oil gained more ground, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen. China's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world's second-largest economy.
Lira Extends Drop in Sign of Further Turkish-Market Turmoil.
Trump says considering cutting capital gains tax, income taxes for middle-income families.
U.S. governors question cost of Trump COVID-19 aid plans, urge talks to continue.
Chinese firms that fail U.S. accounting standards to be delisted as of 2022: Mnuchin
Dow Climbs as Energy Steps Up, Tech Pares Losses.
Gold Springs Back From Friday Lows, With Some Volatility.
MAJOR FX INTRADAY RANGE
EUR/USD - UPSIDE SELL
(1.1771 - 1.1704) 1.1637
GBP/USD - BUY ON DIP
1.3202 (1.3116 - 1.3030 )
USD/JPY - BUY ON DIP
106.72 (106.22 - 105.72)
DOLLAR INDEX - BUY ON DIP
94.20 ( 93.79 - 93.38 ) 93.70
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