USDINR
On Wednesday, The Domestic unit (Rupee) is most likely to commence session within range of 81.00 – 81.10 levels against greenback as dollar weakened in early asian session as more Federal Reserve officials indicated a slowdown in interest rate rises, with traders speculating a peak in rates might be close.
The Indian rupee closed higher on Tuesday ( intraday range was 81.4525 – 81.04), after see-sawing for most of the session, as large corporate dollar outflows were countered by a softer greenback and a stronger Chinese yuan.
USDINR TECHNICAL
Day Trend: - HOLD
Weekly Trend: - HOLD
INTRADAY RANGE – 81.69 (81.28 – 80.87) 80.46
THE EURO
On Tuesday, The euro regained some lost ground after falling sharply against the U.S. dollar following reports that Russian missiles had hit Poland and killed two people.
The Pentagon said it could not confirm reports that Russian missiles had crossed into Poland near the Ukraine border.
THE GOLD
On Wednesday , Gold prices hit a three-month high after a Russian missile strike on Polish territory ramped up fears of a NATO-led escalation in the Ukraine conflict, boosting demand for traditional safe haven assets.
THE OIL
On Tuesday, Oil prices rose and settled higher after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily suspended due to a fall in pressure.
A European Union ban on seaborne Russian crude, set to start on Dec. 5, means that 1.1 million barrels per day (bpd) must be replaced.
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