USDINR
On Tuesday, The domestic unit most likely to commence the session with a firm note between 74.10-74.15 as the greenback slid after posting its biggest weekly rise in more than two months last week, as markets embraced a risk-on mood with weak data suggesting the Federal Reserve is unlikely to quickly remove its accommodative monetary stance.
India plans to monetise $81 billion worth of state assets over the next four years under a program announced earlier in the 2021/2022 budget to boost infrastructure spending and spur economic growth in Asia's third-biggest economy.
India's Finance Minister Nirmala Sitharaman has summoned Infosys Ltd Chief Executive Salil Parekh to explain tech glitches in an online tax portal developed by the company.
Day Trend: - BUY ON DIP ( Till hold 74.00)
INTRADAY RANGE – 74.32 ( 74.21 – 74.00 ) 73.85
Major Fx
The euro popped to a three-day high after data showed euro zone business grew strongly this month, though the pace of expansion slowed on fears new coronavirus strains may bring renewed restrictions.
The Australian dollar was among the major gainers after Prime Minister Scott Morrison said Australians must start to learn to live with COVID-19 when higher vaccination targets are reached.
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