USDINR
Happy Monday, We are expecting USDINR likely to commence between 74.30 – 74.35 level as greenback traded close to a 16-month high to the euro on Monday on growing anxiety over the impact of surging COVID-19 infections in Europe, with Austria re-imposing a full lockdown and Germany considering following suit.
The fourth wave of infections has plunged Germany, Europe's largest economy, into a national emergency, Health Minister Jens Spahn said, warning that vaccinations alone will not cut case numbers.
On Saturday, Indian police said they had charged senior executives of Amazon.com's local unit under narcotics laws in a case of alleged marijuana smuggling via the online retailer.
India's economic advisory council to Prime Minister Narendra Modi expects the country's growth to range between 7% and 7.5% in the next fiscal year and that the next budget should have a clear roadmap for privatising state-owned assets.
Day Trend: - BUY ON DIP
INTRADAY RANGE – 74.67 (74.42 – 74.16) 73.91
Comments