5/20/2023 0 Comments All currency in indian rupees![]() ![]() ** USD/INR NSE April futures settled on Wednesday at 82.1250 ** One-month non-deliverable rupee forward at 82.10 onshore one-month forward premium at 14 paise rates, Srinivas Puni, managing director at QuantArt Market Solutions, said. ![]() ![]() Rupee remains "at an advantage" in the macro environment seems supportive of pause in U.S. The dollar index reached a low of 101.40 overnight, the lowest in two months, and U.S. private employers hired fewer workers than expected in March. services sector slowed more than expected in March and U.S. Meanwhile, Asian currencies were weaker on the day despite another round of data that indicated that the Federal Reserve may prefer to hit a pause on its rate hike cycle. IST the RBI is expected by most economists to raise rates by 25 basis points in the face of elevated core inflation and leave the door open for more rate increases.Ī few economists bet that the central bank may opt for a pause amid financial stability worries.Ī 25 basis rate hike is not fully priced in, the spot trader said, expecting the rupee to receive a "bit of a boost" if it happens. inflation report next week.Īt around 10:00 a.m. non-farm payrolls report on Friday and the U.S. The Reserve Bank of India's monetary policy decision was due later in the day, followed by U.S. Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee. The local currency managed to climb past the psychological 82 level on Wednesday, reaching an over-three-week high of 81.90.ĭollar offers by foreign banks, likely for custodial clients, according to traders. Non-deliverable forwards indicated the rupee will open at around Wednesday's level of 82 to the dollar or a tad higher. dollar on Thursday amid losses in Asian peers and as traders await the Reserve Bank of India's policy decision. MUMBAI, April 6 (Reuters) - The Indian rupee is likely to open little-changed against the U.S.
0 Comments
Leave a Reply. |