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News Box

* RBI to hold reverse repo, government bond auctions and release weekly foreign exchange data

* Foreign investors buy ne INR 3.5B of Indian stocks on Thursday

* Indian benchmark indices rises to record.

* US dollar fell againstG10 currency peers besides the yen as investors embraced the fed’s bullish economic outlook

* Yield on the 10-year Treasury yields rose to its highest level since July.

OUTLOOK - USDINR

Yesterday’s downsides were held above 73.60 on anticipated lines, followed by a firm close. But a vertical rise is yet to unfold, and we go in today with expectation of the same, aiming 74-74.22. However a direct fall below 73.57 will lend the bias neutral to negative.

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