USDINR FRIDAY PROJECTION

On Friday USDINR expected to start trading with positive note. Last trading session (Thursday) Domestic currency (INR) slip on mlast hour of trade on demand in greenback.

• India International Exchange (IFSC) Ltd. and NSE IFSC Ltd. -- will on Friday begin trading foreign-exchange settled rupee derivatives, part of a push to bring the market back home.

• India’s rupee has been among the worst-performing Asian currencies in the past month, dropping 0.2% versus the dollar.

INTRADAY RANGE – 75.26 (75.53 – 75.68) 75.88

SENTIMENT – UPSIDE SELL

GLOBAL HIGHLIGHTS

• Mnuchin, Lightizer and Liu discussed economic and trade issues, including phase one deal

• Dollar eases on defiant economic hopes, negative rates spectre

• Argentina issues $1.76 billion in swap as deadline approaches on debt proposal

• AUD/USD prints fresh session high above 100-day MA on US-China talks

• Asia stocks poised to rise as upbeat earnings trump jobs gloom

• US, China agreed to remain in communication and cooperation – Xinhua

• US: Non-Farm Payrolls to see a fall of 24 mln in April

• Oil Up after Saudi Arabia Raises Prices But Oversupply Worries Persist

• Gold Rises as Jobless Claims Revive Concerns for Economic Outlook

• China says sales of cars; home appliances rebounded sharply during May day holiday

• After swift virus success, Vietnam sets sights on post-pandemic business