USDINR likely to commence trading with firm note despite greenback was down on early Asia, with investors fine-tuning their positions ahead of a U.S. Federal Reserve policy meeting.
Rupee opened on a strong note at 73.37/38, but lost ground during the day and finally closed at 73.6450 against greenback, registering a fall of 16 pips over its previous close of 73.48. During the session, the rupee touched an intraday high of 73.31 and a low of 73.74/75 against the greenback.
From deploying mules to large transport aircraft, India's military has activated its entire logistics network to transport supplies to thousands of troops for a harsh winter along a bitterly disputed Himalayan border with China.
China is inoculating tens of thousands of its citizens with experimental corona-virus vaccines and attracting international interest in their development, despite expert concerns over the safety of drugs that have not completed standard testing.
INTRADAY RANGE - 72.98 ( 73.41 - 73.84 ) 74.15
GLOBAL OUTLOOKS
The Fed is due to announce its decision at 1800 GMT Wednesday, followed by a news conference from Powell.
The Fed meeting comes as U.S. lawmakers remain at an impasse over a new stimulus package amid lingering concerns about the recovery of the world's largest economy from the corona-virus pandemic.
Asian shares rose extending a rally driven by upbeat Chinese and U.S. economic data.
Dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.
Investors also await Japan's parliamentary approval of Yoshihide Suga as the country's next prime minister on Wednesday. Suga will then form a new cabinet.
World Trade Organization found on Tuesday that the United States had breached global trading rules by imposing multi-billion dollar tariffs in President Donald Trump's trade war with China, a ruling that drew anger from Washington.
Oil prices jumped as a hurricane disrupted U.S. offshore oil and gas production and as U.S. stockpiles fell.
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