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India’s trade deficit further widened in August to $13.9 billion, from $10.97 billion in July, the highest since April, as imports continued to rise and exports came off record highs.

Asian stocks seen up today while dollar held ahead of U payrolls report

MSCI Asia pacific index rose for a sixth day, the longest streak since January, while US futures fluctuated after energy stocks helped the S&P to a new peak yesterday.

FIIs bought a new 348.52 crores in equities yesterday, according to provisional data.

Light sweet crude was near $70 a barrel on bets that market can absorb additional supply from OPEC+, as the US Gulf grapples with Hurricane Ida’s impact

OUTLOOK - USDINR

Consecutive days of narrow trades as well as a close near 73 hints at another breakout move being set up. While the psychological level of 73 continues to find buying, there has not been enough momentum to push prices higher. We will continue to look for a break beyond 73.15-72.9 for a tradeable move, but the default trend continues to point towards 72.6.

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