Daily Dollar Dose | 31st Jul ’20

USD/INR opened sharply lower on account of further weakness in the Dollar. Spot USD/INR faced selling pressure after open, and momentum indicates further move lower looks possible. A move lower can take it to test 74.50-74.52 levels from where it has bounced back on previous occasions. On the 15 min pivot chart, Spot USD/INR opened


Indian equity markets were down on Friday due to profit booking, weakness in the global markets and rising novel coronavirus cases, which led to the announcement of further lockdowns in different parts of the country. Concerns over the extension of loan moratorium and the declaration of DHFL as a fraud case by PNB led to
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