USDINR
On Wednesday, USDINR is most likely to commence at 79.80 -79.90 levels ahead of the FED interest rate decision later on tonight, a widely expected 75bps hike in rates but all eyes are on comments of future guidance.
THE DOLLAR
The dollar held largely firm below a two-decade high in the early Asian session, as traders parse through a raft of earnings and data for clues about the direction of the economy ahead of a Federal Reserve interest rate decision this week.
SOUTH KOREA
In the Bank of Korea's (BOK) July survey, South Koreans expected inflation to average a median of 4.7% in the next 12 months, up fast from 3.9% in the previous survey and hitting the highest since data releases began in February 2002.
South Koreans' consumer inflation expectations hit their highest in at least 20 years while their confidence in economic prospects hit a near two-year low, a monthly central bank survey showed on Wednesday.
USDINR INTRADAY TECHNICAL
Day Trend: - BUY ON DIP (SHORT TERM)
Weekly Trend: - HOLD
INTRADAY RANGE – 80.18(80.07-79.80)79.63
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