Chinese media reports suggest that US and China agreed to
resume high level talks ahead of Trump-Xi meet on Saturday on the sidelines of
G20. Apart from this US seems to be focusing its attention on Iran now with
fresh sanctions against its supreme leader. Not much news on economic front
overnight as market continues to guess the outcome of the G20 meet over the
weekend.
The Jalan Committee on RBI’s capital will now submit its
report after budget next month only. Therefore USDINR is likely to remain in
the broad range of 69.30-69.80 for some more time. A risk to the range view could
be unexpected volatility after the G20 this weekend. Today we are witnessing
aggressive buying by nationalized banks and commodity importers. For the day,
CMP 69.33, Range 69.25-69.45.
No comments:
Post a Comment