On Wednesday - Its looks USDINR start fresh session with mild weaker note , but strong support near 73.50 - 73.60 levels for short term. USDINR getting bids on regularly as FII pull out money from Indian equity markets as well as there interest of Yields fading. Importers must cover short term positions near 73.60 - 76.70 levels , Exporters wait for 74.00 levels.
On Tuesday, In interbank market, Rupee opened at 73.78 per greenback and traded between a high of 73.76 and a low of 73.9175 during the session. It finally closed at 73.85, registering a fall of 7 pips over its previous close.
Coronavirus infection rates among adults in India have risen sharply, a survey showed on Tuesday, although a large percentage of the population has not yet been exposed, suggesting there is scope for cases to rise much further.
Reliance Industries Ltd said on Wednesday General Atlantic plans to invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, making it the latest in a series of investments at the Indian oil-to-telecoms conglomerate.
INTRADAY RANGE - 73.55 ( 73.70 - 73.92 ) 74.12
USA PRESIDENTIAL DEBATE
Democratic challenger Joe Biden on Tuesday branded President Donald Trump a liar and told him to "shut up" as the pair clashed in a bad-tempered start to their first televised debate.
Biden said "The fact is that everything he is saying so far is simply a lie. I'm not here to call out his lies. Everybody knows he's a liar," .
Tension was palpable from the opening minutes, with the pair interrupting each other repeatedly, leading Biden to lash out at one point: "Will you shut up, man!"
US stock futures fluctuated slightly but markets and investors were largely stoic as an acrimonious first debate between US presidential candidates ended on Tuesday. While betting odds makers showed little change in the odds as the debate progressed, US stock futures initially rose as much as 0.6% before turning to be flat. "Right now it looks like an even split between Trump and Biden, so it is difficult for the markets to move," said Ayako Sera, a market strategist at Sumitomo Mitsui Trust Bank in Tokyo.
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