On Monday trading session expecting USDINR will commence at in range. On Last Trading session pair shows some weakness from early trade at 75.4350/4450 till 76.2650/2750. From Intraday lows pair bounce backed up to 75.6450/75.6550 and finished at 75.54/55 levels.
The key factor driving the rupee going forward will be the government’s fiscal stance.
Aggressive fiscal easing could also affect ratings, increase borrowing costs, lead to greater capital outflows, and be associated with a weaker INR.
INTRADAY RANGE – 75.08 (75.26 – 75.69) 75.85
SENTIMENT – Near term liabilities must be covered
GLOBAL HIGHLIGHTS
Dollar eases on defiant economic hopes, negative rates spectre
PBOC cuts interest rates for standing lending facility loans in April
NZD/USD rises 0.30% despite weak New Zealand data, eyes trendline hurdle
EURJPY Price May Reverse at the Demand Level of $113!
US Treasury Sec. Mnuchin: Unemployment rate will get worse
Oil prices drop amid supply glut, fears of 2nd coronavirus wave
Asian shares push higher as more countries ease lockdowns
Asia’s Richest Man Courts Saudis, General Atlantic for Jio Stake
Qantas pauses plane deliveries from Airbus, Boeing due to virus
Mildly positive above $1,700 as US-China tension renews
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