Headline inflation in October climbed to 6.2% yoy vs 5.5% in September. This was the first time inflation rose above the upper end of RBI’s 2-6% target range since August 2023. Food and beverage prices, 46% of the weight in the CPI index, were once again the main driver, mainly due to higher vegetable prices, […]
The Indian Rupee trends lower in Friday’s early European session. The Indian equity selloff and the rise in crude oil prices continue to undermine the INR. The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday. The local currency depreciated […]
The Indian Rupee edges higher in Friday’s Asian session. Substantial equity outflows, higher crude oil prices might drag the INR down, but possible RBI intervention might cap its downside. Investors await the US housing data and FedSpeaks later on Friday. The Indian Rupee (INR) recovers on Friday on the modest decline of the US Dollar […]
The Indian Rupee edges lower in Friday’s Asian session. Indian foreign outflows, rising crude oil prices weigh on the INR; likely RBI’s intervention might cap its downside. The US PPI and preliminary reading of the Michigan Consumer Sentiment Index data will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday amid the firmer […]
Indian Rupee trades in negative territory in Monday’s Asian session. The USD month-end flows and potential RBI intervention underpin the pair. Investors will monitor the Fed’s Bowman speech on Monday. The Indian Rupee (INR) weakens on Monday, pressured by month-end US Dollar (USD) demand from importers and likely interventions by the Reserve Bank of India […]
The Indian Rupee weakens in Tuesday’s early European session. Month-end USD demand and higher crude oil prices weigh on the INR. Traders await the US August CB’s Consumer Confidence ahead of the key events later this week. The Indian Rupee (INR) trades on a weaker note on Tuesday. The US Dollar (USD) demand from local […]
The Indian Rupee recovers on the weaker Greenback in Monday’s Asian session. Renewed US Dollar demand, India’s foreign outflows and geopolitical risks might weigh on the INR. The Fed is widely expected to keep rates unchanged at its July 30-31 meeting. The Indian Rupee (INR) gains traction on Monday amid the softer US Dollar (USD). […]
India WPI Inflation below expectations (3.5%) in June: Actual (3.36%) Source link
The Indian Rupee trades in negative territory in Tuesday’s Asian session. Higher US bond yields and further gains in crude oil prices weigh on the local currency. The Federal Reserve’s (Fed) Chairman Jerome Powell’s speech on Tuesday will be closely watched. The Indian Rupee (INR) weakens on Tuesday amid the renewed US Dollar (USD) demand […]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
India WPI Inflation came in at -1.36%, above expectations (-2.7%) in July Source link
