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THURSDAY - RUPEE SEEMS FIRM , DOLLAR ON BACK-FOOT.

  • We expected that , Rupee likely to start Thursday session with positive note as dollar index against a basket of six major currencies slipped 0.10% to 93.16.

  • Yesterday , USDINR opened at 73.68/69 then reached up to 73.75/76 , where getting selling pressure that drag till 73.4775/73.4875 levels before finished at 73.54/55 levels.

  • The yield on the 5-year bond has fall 5 basis points settled at 5.4350 , while the rate on 10-year bonds is up 10 basis points settled at 5.99 levels.

  • The global death toll from the corona-virus passed 900,000 on Wednesday, as worldwide cases topped 27.7 million, according to a Reuters tally.

  • Indian and Chinese troops man remote Himalayan outposts just hundreds of metres apart.

  • India's August fuel consumption posts biggest monthly decline since April.


INTRADAY RANGE - 73.01 ( 73.28 - 73.62 ) 73.83



GLOBAL OUTLOOK

China’s latest threat to bar companies with ties to U.S. officials who visit Taiwan points to a weakness for Beijing in its sanctions battle with Washington: It can control its own borders, but the greenback rules the world.


The euro held onto gains against the dollar on Thursday as traders braced for a European Central Bank meeting to gauge policymakers' views on the common currency's recent appreciation and its impact on inflation.

  • The euro bought $1.1824 in Asia on Thursday, holding onto a 0.19% gain from the previous session.

Sterling steadied above a six-week low but could face more losses due to growing concern that Britain and the European Union will fail to agree a trade deal.

  • The British pound traded at $1.3000, recovering slightly from a dip to a six-week low of $1.2839 on Wednesday.

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