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Good Morning! USDINR opened at 60.40 against its previous day close at 60.45.
Nifty trading 0.4 percent higher, trading at its highest point of the day
Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions between Ukraine and Russia burnished the metal's safe haven appeal.
Asian stocks crept up following another steady performance shares which hovered near record highs, while the Euro clung to modest gains after rebounding from 13-month lows.
The Euro received some reprieve after three sessions of losses as feverish speculation of an imminent round of easing by the European Central Bank was tempered for now.
Markets looked to the German inflation data due later in the session, which foreshadow the closely watched Euro Zone inflation figures due Friday
U.S. crude oil dipped after choppy trading overnight following a report that showed declining U.S. gasoline demand.
Recurrent inflationary pressures keep domestic capital costs high, erode domestic purchasing power as well as savings and lower international competitiveness
Gold rose for the third straight session as the Euro regained strength against the U.S. Dollar and tensions between Ukraine and Russia burnished the metal's safe haven appeal.
The market is expected to remain cautious ahead of the expiry of monthly derivative contracts later in the day
Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday, as hopes quickly faded that talks between their two presidents might mark a turning point in a five-month-old crisis.
India will release its Q1 GDP data tomorrow
Minutes of the Federal open Market Committee
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