Published on 21/09/2021 10:32:11 AM | Source: Geojit Financial Services Ltd

India cumulative monsoon rainfall 4% below normal as of 20Sepember - Geojit Financial Services Ltd

Posted in Currency Report| #Currency Tips #Geojit Financial Services Ltd

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News Box

• China’s real estate crisis prompts caution ahead of Fed meeting this week.

• Japanese yen saw the biggest gain among G-10 currencies.

• RBI to hold INR 1.5T rupees reverse repo and INR 899B states’ government bond auctions.

• India cumulative monsoon rainfall 4% below normal as of 20Sepember.

• Global funds buy net INR 925.m of India stocks on Monday


Though USDINR rose yesterday on anticipated lines, inability to push beyond the 73.8 barrier hints at weakness. This calls for a range trade trading with weak bias. 73.53-73.47 shall lend support on the lower side, but wild swings are not unexpected.


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