USDINR
On Thursday, The Indian Rupee is most likely to commence the session with a weaker note between 73.75 – 73.85 levels as greenback supported by cautious risk sentiment stemming in part from worries about the Delta variant while the euro looked to the European Central Bank policy decision later in the day.
A public diatribe against two Indian business giants by PM officials and his ideological allies has unnerved the business community, several industry executives told Reuters.
Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.
On Wednesday, Morgan Stanley said “India is likely to win inclusion into one of the world's top bond indices early next year, predicting it could trigger an instant $40 billion buying surge and as much as $250 billion over the next decade.
Day Trend: - BUY ON DIP (Trend about to change)
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