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  • Writer's picturefxmethods

USDINR FRIDAY PROJECTION

On Friday USDINR expected to start trading with positive note. Last trading session (Thursday) Domestic currency (INR) slip on mlast hour of trade on demand in greenback.


  • India International Exchange (IFSC) Ltd. and NSE IFSC Ltd. -- will on Friday begin trading foreign-exchange settled rupee derivatives, part of a push to bring the market back home.

  • India’s rupee has been among the worst-performing Asian currencies in the past month, dropping 0.2% versus the dollar.

INTRADAY RANGE – 75.26 (75.53 – 75.68) 75.88
SENTIMENT – UPSIDE SELL

GLOBAL HIGHLIGHTS

  • Mnuchin, Lightizer and Liu discussed economic and trade issues, including phase one deal

  • Dollar eases on defiant economic hopes, negative rates spectre

  • Argentina issues $1.76 billion in swap as deadline approaches on debt proposal

  • AUD/USD prints fresh session high above 100-day MA on US-China talks

  • Asia stocks poised to rise as upbeat earnings trump jobs gloom

  • US, China agreed to remain in communication and cooperation – Xinhua

  • US: Non-Farm Payrolls to see a fall of 24 mln in April

  • Oil Up after Saudi Arabia Raises Prices But Oversupply Worries Persist

  • Gold Rises as Jobless Claims Revive Concerns for Economic Outlook

  • China says sales of cars; home appliances rebounded sharply during May day holiday

  • After swift virus success, Vietnam sets sights on post-pandemic business

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