USDINR
On Wednesday, USDINR is likely to commence the session with a mild firm note between 74.15 – 74.25 levels despite the greenback held a three-day loss against major peers and traded near a one-month low to the yen, with highly anticipated U.S. inflation data looming that could guide the timing of a Federal Reserve interest rate increase.
China will also release readings on consumer and producer prices on Wednesday, which could sway the direction of policy there as the property sector woes threaten the broader economy.
Indian fintech firm Paytm's initial public offering (IPO) of up to 183 billion rupees ($2.47 billion) was subscribed 48% on the second day of the issue period, receiving bids for 23.5 million shares, stock exchange data showed on Tuesday.
The Reserve Bank of India has lifted restrictions on Diners Club International, owned by Discover Financial Services, it placed earlier this year for violating data storage rules, the central bank said.
Day Trend: - TREND ABOUT TO CHANGE (SELL TO BUY)
INTRADAY RANGE – 74.48 (74.23 – 73.98) 73.73
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