On Wednesday , Indian Rupee likely to start with range bound but sentiment is mildly negative as greenback held onto gains as a resurgence of the corona-virus in the USA and the return of lock downs in some countries boosted safe-haven demand. On Yesterday , USDINR was getting strong bids on lower levels, Intraday range was 74.6575 - 74.9775 before finished at 74.94/95 levels.
India's Sovereign Pharma said it has dispatched the first batch of generic remdesivir for drugmaker Cipla Ltd, as the country recorded more than 22,000 new coronavirus cases on Tuesday.
The World Health Organization on Tuesday acknowledged "evidence emerging" of the airborne spread of the novel coronavirus, after a group of scientists urged the global body to update its guidance on how the respiratory disease passes between people.
INTRADAY RANGE - 74.43 ( 74.75 - 75.07 ) 75.27
GLOBAL HIGHLIGHTS
U.S. gold futures for August delivery on Comex settled up $16.40, or 0.9%, at $1,809.90. It marked the second settlement above $1,800 for Comex’s benchmark gold futures contract, after it broke above that level on June 30, for the first time in nearly nine years.
Equities weakened and U.S. Treasury yields edged lower as the number of confirmed corona virus cases in the United States pushed past 3 million.
Brazilian President Jair Bolsonaro, who had downplayed the virus for months, had tested positive now.
Three Fed officials expressed concern that the surge in infections threatens to pinch consumer spending and job gains just as some stimulus program are set to expire.
The pound was near three-week highs against both the greenback and the common currency after British Prime Minister Boris Johnson reiterated his commitment to reaching an early trade deal with the European Union.
The yuan, which rallied against the dollar this week, stood at 7.0241 in offshore trade , down from an almost four-month high reached on Tuesday.
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