On Wednesday , USDINR opened 17 pips weaker @ 69.55/56.
Gap up opening in pair directly related to yesterday heavy sell off in equity market.
We expect that USDINR will get bid in any correction.
Bond Yields fall help domestic unit in range bound.
Oil Price corrected on trade conflict that can lead economic slowdown fear.
INTRADAY RANGE - 69.15 ( 69.28 - 69.56 ) 69.74
On Tuesday , Rupee fall by 5 pips to close at 69.43 against the US currency due to fag-end dollar demand from banks and importers amid sustained foreign fund outflows. The rupee opened flat at 69.38/39 and later rose to the day's high of 69.29 at the interbank forex market. Despite Losses in the domestic equity market and a strengthening dollar overseas amid trade worries USDINR trade in range bound.
cryptocurrency
The large-scale security breach was discovered on May May 7, 2019 at 17:15 UTC. The hackers 7000 BTC in one transaction from Binance’s hot wallet, while other wallets remain unaffected. The company emphasised that the hot wallet contained only 2% of all it BTC holdings.
Binance, the world’s largest cryptocurrency exchange by volume, experienced, fell victim to a massive hack attack. Hackers got away with Bitcoins worth of $40.7 million along with user API keys, 2FA codes, and potentially other data, according to the official announcement made by the company.
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