CURRENCY MARKET UPDATE* -
* USDINR dropped on report government is due to announce stimulus before Diwali festivities targeting infrastructure
* Euro dropped as the rising number of Covid-19 cases in Europe increase the likelihood of a double dip recession.
* GBP dropped as markets turned cautious over new lockdown restrictions in Europe and record-high daily virus cases in the United States.
* JPY dropped amid worries about a second wave of COVID-19, which drove the steepest stock market selloff in a month.