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USDINR WEDNESDAY OUTLOOK:- USDINR FIRM AHEAD OF FED OUTCOMES!!



On Wednesday, USDINR is likely to commence session with a firm note between 73.70 – 73.80 levels after yesterday finished at 73.61/62 levels as greenback hit one month high as global markets firmed somewhat after a risk-off mood dominated by solvency uncertainty of China's Evergrande, while investors awaited the results of the Federal Reserve's two-day policy meeting.


  • The rupee on Tuesday rebounded by 13 paise to close at 73.61/62 against the US dollar following a firm trend in domestic equities and losses in the American currency in the overseas market.


  • India's Adani Group will invest $20 billion in renewable energy over the next 10 years and will aim to make its ports business a net-zero carbon emitter by 2025, Chairman Gautam Adani said.


  • French President Emmanuel Macron on Tuesday co-operating over the Indo-Pacific region with Indian Prime Minister Narendra Modi, as France deals with the fallout from Australia's cancellation of a $40 billion French submarine order.


  • Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed.


DAY RANGE- BUY ON DIP


INTRADAY RANGE – 74.00 (73.84 – 73.61) 73.48

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