Domestic currency (Indian Rupee) expecting firm opening after yesterday sharp 0.60% positive move against greenback. On Tuesday USDINR started at 75.57 and finished at 75.12 - 75.15 as greenback on back-foot as well as domestic Indices trading firm on hope of economy reopening.
India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
India's government said on Tuesday it has approved Gilead Sciences Inc's antiviral drug remdesivir for emergency use for five doses in treating COVID-19 patients.
India's top trending free app on Google's mobile app store, with more than 5 million downloads since late May, is called "Remove China Apps" and does exactly what it says on the label.
INTRADAY RANGE - (74.84 - 75.19 ) 75.48
GLOBAL HIGHLIGHTS
The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened.
Cable Pares Gains After U.K. Dismisses Report of Compromise on Brexit Talks.
Australia’s economy contracted in the first three months of the year, setting up an end to the nearly 29-year run without a recession as an even deeper slowdown.
Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the corona virus.
Asian stocks were up on Wednesday morning, holding onto their gains from the previous session.
Protesters defy curfews in major USA cities to march against police brutality.
Tensions simmer in Hong Kong as controversial anthem law back up for debate.
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