Overhead resistance around 1.5100 holds on first try today, tracking EURO and equities for the most part. Traders note stops above the 1.5100 handle likely building near-term. Resistance is expected to hold rate for a pullback and aggressive traders can buy that dip if it comes.

Cross spreaders continue to hold interest near-term; profit-taking likely to result in a squeeze on the further strength. Thin conditions continue to exacerbate moves. Some stops noted on the break back over the 1.4850, 1.5000, and 1.5050 areas yesterday; the rate continues two-way on the move.

The USD continued in solid two-way trade today after earlier gains gave way to losses mid-day and then reversed yet again to finish better on the day against most pairs. Traders blame volatility in equities today for the whipsaw across the board as Wall Street was unable to hold gains into the end of the day. GBP rallied overnight into high prints at 1.5094 but those highs remained unchallenged in New York trade as sellers offered the rate lower more than a full handle to finish at the 1.4920 area; traders note pressure from EURO losses late in the day suggesting that the near-term lows still are under threat for additional attempts for new 2008 lows.

Signing five key accords, including an extradition treaty, on Tuesday India and Egypt pledged to jointly combat the menace of terrorism in all its forms and manifestations. The agreements lay a 'sound basis for a vibrant strategic partnership' between the two ancient civilizations - India and Egypt.

One of the five agreements signed was on cooperation in outer space and a MoU for cooperation in trade and economic fields. A MoU on increasing links in health and medicine was also signed, as was another agreement on the abolition of visa requirements for holders of diplomatic, special and official passports.

Charged with working against the principles and policies of the BSP - the party they joined in August this year - former external affairs minister, K Natwar Singh, and his son Jagat Singh, have been expelled from the party. BSP general secretary, Satish Chandra Mishra, charged Natwar Singh with "indiscipline" and indulging in "anti-party activities" after being denied Rajya Sabha nomination.

With the concern to the financial Crisis in the global economy and the quake in Human skills recruitment and utility of Organizations, CII - LM Thapar Centre for Competitiveness for SMEs organized a One Day Workshop on "Executive Programme on Metrics and Balanced Scorecard" at CII (Confederation of Indian Industry), Gurgaon on 15th November. A total of 43 delegates from Top Managerial profiles of various sectors - Service, Manufacturing, IT and Finance reaped benefits out of the highly productive workshop.

Terming the 1984 anti-Sikh riots as "wrong", Congress general secretary Rahul Gandhi said the perpetrators of the mindless violence should be brought to justice. Though Rahul admitted that "there was a tragedy in Punjab" - after the assassination of his grandmother and former Prime Minister, Indira Gandhi, who ordered Operation Bluestar - he rubbished all talk of Sikh aversion towards the Congress.