USDINR
On Wednesday, USDINR is most likely to commence a session between 74.40 – 74.50 level as the greenback continued its climb, riding on the coattails of rising Treasury yields as investors bet the Federal Reserve’s threshold to begin trimming its monthly bond purchases will be met sooner rather than later. On Tuesday Indian rupee weakened to its lowest level in almost two weeks against the greenback.
Supreme Court of India decision that Amazon and Walmart's should face investigations into alleged anti-competitive behaviour, saying their trading practices would be looked into.
The Indian government shut its consulate in Mazar-i-Sharif, the biggest city in the north Afghanistan, and urged its diplomats and Indian citizens to take the special flight home.
Day Trend: - BUY ON DIP.
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