IGI Logo

News Box

* RBI maintains accommodative stance while retaining benchmark rates. The annual projections of inflation and growth remains intact at 5.3% and 9.5% respectively.

* Indian rupee gained as easing Omicron fears pushed the Dollar index downward on Wednesday.

* Gold price rose following the slight increase in 10 Year US treasury yields and the fall of US Dollar. Gold awaits the US inflation data on Friday.

* Crude oil futures as well as US 10 year treasury yields rose as research indicated that the third dose vaccine could increase protection against omicron variant.

OUTLOOK - USDINR

Consolidation continues. But even though 75.15 has held so far as the downside marker, the upside bias has not seen enough momentum. This calls for a dip towards 75.15 vicinity.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer