• USDINR pair started on a positive note following the strength in the dollar index for third consecutive
session. However, it once again witnessed selling pressure at higher levels and ended the day with
losses, following the sharp dip seen towards the end of the session.
• In the October ECB Monthly Report the Governing Council reiterated the forward guidance that rates
will remain at the current low or lower levels for an extended period of time in order to support the
gradual recovery in the Eurozone economic activity.