USDINR
On Tuesday, We are expecting USDINR most likely to commence between 74.00 – 74.10 despite the greenback edging higher against a basket of currencies as recent employment data prompted some Wall Street banks to raise their estimates for how quickly the Federal Reserve will raise interest rates this year.
+1 million Indians received their third COVID-19 vaccine dose on Monday as the country rolled out boosters for frontline workers and vulnerable elderly, with the Omicron variant fuelling an eight-fold rise in infections in 10 days.
India reported 179,723 new COVID-19 infections on Monday, the most since late May, health ministry data showed, taking the total to 35.71 million.
Higher telecommunications charges, along with a comparatively low base one year ago, likely drove Indian retail inflation to a six-month high in December, a Reuters poll found, keeping alive expectations for an interest rate rise by mid-year.
India has agreed to allow imports of U.S. pork and pork products into India, removing a longstanding barrier to U.S. agricultural trade, U.S. Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack.
Day Trend: - UPSIDE SELL (BUT PAIR IS OVERSOLD ZONE)
INTRADAY RANGE – 74.32(74.12 – 73.91)73.71
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