On Tuesday we expect domestic currency start trading with weaker note against greenback on covid19 second wave fear.
On last trading session USDINR started at 73.5850 and reached up to 75.7875 levels on indices sell off as well as 10 year government bonds yields jump 20 bps.
Hyatt Hotels Corp said late Monday it would restructure roles and lay off employees across its operations worldwide, which would impact about 1,300 staff.
INTRADAY RANGE – 75.39 (75.66 – 75.95) 76.20
SENTIMENT –
IMPORTER WAIT FOR DIP
EXPORTER CAN LOOK FOR PARTIAL (15% - 20%) COVER
GLOBAL HIGHLIGHTS
Dollar hits two-week peak as 'second wave' virus fears drive safe-haven bid.
EUR/USD focus on 3 week support line, below 1.088 amid risk aversion.
USD/MXN hits two month low as call bias weakness.
Indonesia’s Rupiah off 5 days top on retail sales plunge by 4.5% YoY in March.
Fed Says It Will Begin Purchasing Corporate-Debt ETFs on Tuesday.
Asian stocks set to fall on growing second virus wave fears.
China's factory deflation deepens as pandemic hits demand.
Kuroda says Bank of Japan will do 'whatever it can' to beat pandemic fallout.
Australia business conditions sink further, confidence lifts off the floor.
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