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News Box

* Shaktikanta Das reappointed as RBI Governor for another thre years.

* US stock futures slip on disappointing earnings

* US 10 year yields dip. Dollar at one month low after data showed the US economy slowed more thane expected in the third quarter.

* Bitcoin retreats to 58k before bouncing back to 60k vicinity.

* Euro touched a five month high despite the central bank’s pushback against bets on rate increases.

*nIndia will release fiscal deficit data for Apr-Sep period and eight core industries output data.

* RBI schedules seven day 28day VRR auctions worth 1.5rillion and 50k crore respectively for 2 November.

OUTLOOK - USDINR

Last couple of days’ inability to push above 75.15 has made the trend vulnerable for more falls. We would hope for 74.66 to prevent USDINR from a collapse. Look for consistent trades above 74.78 to attempt longs.

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