USDINR
On Thursday, USDINR is most likely to commence session with a frim note between 73.85-73.95 levels as greenback firm after FED ready to tapper bond purchase soon on the heels of the latest policy announcement by the Federal Reserve, while risk-sensitive currencies such as the Australian dollar and Chinese Yuan strengthened after China's Ever Grande said it would make a bond coupon payment.
The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases "soon" and signalled interest rate increases may follow more quickly than expected.
Last trading session, USDINR At the interbank foreign exchange market, the local currency opened at 73.70 and witnessed an intra-day high of 73.6525 and a low of 73.93 against the US dollar in day trade.
New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations.
Indian refiners' crude oil throughput in August dipped to its lowest in 10 months due to ongoing maintenance activities at multiple refineries, government data showed on Wednesday.
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