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News Box

* Indian rupee is set for losses over the week fuelled by stock market volatility and strengthening dollar.

* Dollar awaits the release of the US third quarter GDP data and the Personal Consumption Expenditure Index

* Gold entered a correction on Friday and continues to hover above the $1850 support.

* Crude oil prices fell the past week marking the fourth week of losses. Reports on inventory releases by China and the US weigh on the market sentiment.

* US bond yields dropped sharply on Friday over concerns about rising Covid-19 infections and lockdowns in Europe.

OUTLOOK - USDINR

Last week’s dull trades amid selling pressure, is likely to set aside for a wider trading range this week, with improved prospects for upsides aiming 74.82 or 75.2. However, if unable to push and float above 74.3 region, that upsides will be delayed.

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