USDINR
On Wednesday, The Domestic unit (Rupee) likely to commence session with a northward move between 73.69 – 73.75 level despite the dollar fell after data showed a less-than-expected rise in U.S. inflation last month, creating uncertainty about the timing of the Federal Reserve's tapering of asset purchases.
• Asia's third-largest economy imported goods worth $47.09 billion in August, a rise of 51.72% year-on-year, data showed. India's merchandise exports rose nearly 46% to $33.28 billion in August.
• Zomato Ltd co-founder and head of supply Gaurav Gupta have left the Indian food delivery firm after six years, the company said on Tuesday, months after it went public in a high-profile listing.
• India's blue-chip Nifty 50 index hit a record high on Tuesday, boosted by automobile and banking stocks, while shares of Zee Entertainment surged nearly 25% after top investors at the firm sought the removal of its chief executive from the board.
Day Trend: - BUY ON DIP
INTRADAY RANGE – 73.90 (73.77 – 73.62) 73.48
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