USDINR 🇮🇳
We are expecting USDINR most likely to maintain Northway move and commerce Thursday session between 75.05 – 75.15 levels as Dollar Index rebound aim for another battle with the 94.00 thresholds during early morning in Asia. The greenback gauge dropped for the first time in three days the previous day as cautious sentiment weighed on the US Treasury yields.
Indian indices closed lower on Wednesday as easing supply concerns weighed on metal stocks, while private banks slipped after Axis Bank reported disappointing loan growth. NSE Nifty 50 index ended -0.31% at 18,210.95 and the benchmark S&P BSE Sensex -0.34% to 61,143.33.
India's Adani Ports on Wednesday it was abandoning plans to build a container terminal in Myanmar, weeks after applying for a U.S. licence for the project, saying it believed it did not violate sanctions.
India on Wednesday rejected calls to announce a net-zero carbon emissions target and said it was more important for the world to lay out a pathway to reduce such emissions and avert a dangerous rise in global temperatures.
Day Trend: - BUY ON DIP
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