USDINR
On Tuesday, USDINR is likely to commence between 82.20 - 82.30 levels as dollar fell from a five-week high, as investors consolidated gains made last week on the greenback and awaited news from Washington on how to address the debt ceiling issue, which could force the U.S. government to default on its debt if not resolved.
India's WPI falls for first time in 3 years in April
India cuts windfall tax on petroleum crude
India's retail inflation may ease to cenbank's 4% target in May –economists
India regulator warns on premature conclusion to Adani probe – filing
India's April merchandise and services trade deficit at 21-month low
PVR INOX posts Q4 loss on costs related to some cinema closures
USDINR TECHNICAL
Day Trend: - BUY ON DIP
Weekly Trend: - BUY
INTRADAY RANGE – 82.58 (82.30 – 82.18) 81.98
THE EMERGING MARKET
The Turkish lira sank to a near record low as weekend elections looked headed for a runoff, while the Thai baht rallied after a more decisive election result.
DOLLAR INDEX
The dollar's decline came after it notched its best weekly performance on Friday since September last year.
The greenback took an early dive after data showed the New York Federal Reserve's Empire State manufacturing index plunged to -31.8 this month from a reading of 10.8 in April.
THE COMMODITY CURRENCY
The Aussie, New Zealand, and Canadian dollars -- gained against the greenback, as oil and metals rose.
Comments