USDINR
On Tuesday, The Rupee is likely to commence with a mild weaker note between 74.35 – 74.45 levels as the dollar edged higher against safe-haven currencies such as the yen and Swiss franc after reassuring news on the Omicron COVID-19 variant, while units like the Australian dollar that had weakened in recent weeks on growth worries also advanced.
U.S. Treasury yields rose and stocks gained after news that initial observations suggested Omicron patients had only mild symptoms, reversing some of Friday's heavy selloff.
The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant.
India and Russia signed 28 investment pacts on Monday, including deals on steel, shipbuilding, coal and energy.
Indian shares closed nearly 2% lower on Monday, hurt by a selloff in information technology stocks, as increasing cases of the Omicron coronavirus variant spooked investors ahead of the central bank's decision on interest rates.
Day Trading : - HOLD (upside sell)
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