INR forecast: INR opens flat 73.60 may trade the day between 73.36-73.77 under two-way price action.
Rbi measure to ease liquidity for NBFCs is a very good step to avoid a crisis. Govt is in action. First such swift action when it took over board of IL&FS and avoided a major crisis.
Despite turmoil in China and fall in its equity, other Asian equities have opened in green. Crude is now below 80. In the overseas market, no major development took place. While EUR slipped lower to 1.146 over Italian budget, failed talk between EU- Britain over Brexit lead GBP to trade below 1.330.