USDINR
USDINR is stuck in a range between 74.70 – 75.05 levels. We are expecting pair commence Tuesday session between 74.85 – 74.95 level as traders position themselves ahead of this week's highly anticipated U.S. Federal Reserve policy meeting.
India's prime minister on Monday used the COP26 climate talks to announce 2070 as the target for his country to reach net-zero carbon emissions, two decades beyond what scientists say is needed to avert catastrophic climate impacts.
India's factory activity expanded at its quickest pace in eight months in October on strong demand and increased output, though another surge in the cost of raw materials cast a shadow over the outlook, a private survey showed.
The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.9 in October from September's 53.7, the highest since February.
India's merchandise trade deficit in October narrowed to $19.9 billion from a record $22.6 billion in September, preliminary data released by the government showed on Monday.
Oil prices continued their upward march to the drumbeat of OPEC and its allies, who indicated they were in no mood to let the market slide by adding any more barrels than the 400,000 per day they had agreed to in the near future.
Starlink, the satellite internet division of billionaire Elon Musk's rocket company SpaceX, registered its business in India on Monday, company documents filed with the government showed, as it gears up to launch internet services in the country.
Day Trend: - BUY ON DIP
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