The Domestic unit seems commence Wednesday session with in range bound between 73.80 - 73.90 levels as greenback caution about a fast-spreading coronavirus variant in the UK stoked demand for the safest assets.
India is likely to approve Oxford/AstraZeneca’s coronavirus vaccine for emergency use by next week after its local manufacturer submitted additional data sought by authorities, two sources with knowledge of the matter told Reuters on Tuesday.
India plans to track down everyone arriving from Britain over the past month, officials said on Tuesday, hoping to stop a more infectious strain of the coronavirus detected there spreading in a country battling the world's second highest COVID-19 tally.
Indian Prime Minister Narendra Modi's party said on Tuesday there was no question of the government repealing agriculture laws fiercely opposed by farmers who are worried deregulation will reduce their incomes.
INTRADAY RANGE - 73.65 ( 73.77 - 73.95 ) 74.12
GLOBAL
The pound has fallen for three straight days as time runs out for London to reach a trade deal with Brussels before the UK completes its exit from the European Union at year-end.
The market has been positioned for a pandemic recovery that lifts global growth, sapping demand for the dollar and other haven currencies.
President Donald Trump's threat not to approve the stimulus bill, saying it should be amended to increase the amount in the stimulus checks, though this has had little impact on markets so far.
Oil was down on Wednesday morning in Asia, with a build in U.S. crude oil supplies and the travel curbs to slow a new mutant strain of the COVID-19 virus putting pressure on already weak fuel demand.
Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of their Asian launch.
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