MONDAY : - RUPEE APPRECIATE , BITCOIN CORRECT FROM $50000 !!

On Monday , Rupee likely to commence session with positive note between 72.58 - 72.65 levels against greenback as consistent foreign inflows.

Last Trading session (Friday), At the interbank market, the local unit opened at 72.80/81 against the greenback and witnessed an intra-day high of 72.70/71 and a low of 72.8350/8450. Pair Finished Friday session on long-term support levels at 72.74/72.75 levels.

We can clearly observe that Rupee is not appreciating despite stronger inflows into equity. Neither had it depreciated much when the market was corrected by more than 5% before budget. This indicates that RBI is using its remaining card to keep volatility in check.

INTRADAY RANGE - 72.43 ( 72.55 - 72.77 ) 72.92

On Monday , Cryptocurrencies slid during early Asian session, with bitcoin dropping more than 5%, as investors took profits from a record-breaking rally. Bitcoin fell as much as 5.59% to $45,914 and rival cryptocurrency ethereum dropped more than 8.02% to $1,655. Both had hit record highs in recent days as the asset class gains more mainstream acceptance.