USDINR
On Tuesday, The domestic unit seems commence session with weaker note between 74.35 – 74.42 levels against greenback as trade as a run of strong U.S. job figures solidified expectations the U.S. Federal Reserve could soon start tapering its massive coronavirus-driven stimulus.
In the Month of July 2021 (last month ) , Inflows into India's equity mutual funds hit a record high, industry data showed, as ebbing COVID-19 infections, a soaring stock market and low interest rates drove confidence among investors despite warnings of a potential third wave. Net inflow of 225.83 billion rupees ($3.04 billion) in July compared with an inflow of 59.88 billion rupees in June.
India's fuel demand rose 7.9% in July compared with the same month last year.
Day Trend: - BUY ON DIP.
INTRADAY RANGE – 74.71 (74.46 – 74.20) 73.95
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