USDINR
Welcome to the fresh week, USDINR is most likely to commence the Monday session with a firm note between 73.75-73.85 levels after Friday ended at 73.69/70 levels as Oil price hit 3-year highs on a supply crunch. This week Rupee driver will be the Indian share market, oil price as well as dollar index.
Indian Finance Minister Nirmala Sitharaman said on Sunday, India needs at least four or five banks of a size matching its biggest lender, the State Bank of India, to meet the growing needs of its economy. The rationale for merging banks even before the pandemic was to scale up to meet the new, changing and growing requirements of the economy, Sitharaman told an annual meeting of the Indian Banks' Association.
Day Trend: - BUY ON DIP
Comments