USDINR
On Thursday, The domestic unit is most likely to commence the session with a firm note between 73.40 – 73.48 level as the dollar slumped after softer-than-expected U.S. inflation data released on Tuesday eased short-term expectations about tapering of asset purchases from the Federal Reserve.
RUPEE getting support from the all-time record high Indian equity market despite oil price trading northward.
• India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting the production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.
• The Indian finance ministry said on Wednesday that the debt-laden state-run airline Air India has received financial bids for its privatisation process.
• India's federal cabinet on Wednesday approved a relief package for its cash-strapped telecoms sector including a four-year moratorium on airwaves payments due to the government, the country's telecoms minister said.
Day Trend: - UPSIDE SELL
INTRADAY RANGE – 73.85 (73.59 – 73.34) 73.08
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