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). […]
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 […]
Share: USD/INR remains pressured after posting the biggest weekly loss since early July. Market sentiment improves in Asia as China announces more stimulus, central bankers flashed mixed signals at Jackson Hole. Positioning for the key data, light calendar also allow Indian Rupee to remain firmer. India Q2 GDP, US NFP and Fed’s preferred […]
Share: USD/INR struggles for clear directions after refreshing all-time high, mildly offered of late. US Dollar bulls brace for FOMC Minutes, allowing Indian Rupee sellers to take a breather. Downbeat Oil price, pullback in yields also allow USD/INR to consolidate recent moves. Fed officials need to defend hawkish bias to help Greenback buyers […]
Share: USD/INR continues to hold within the 81-83 range since the start of the year. Economists at Commerzbank analyze the Rupee outlook. India’s tame core inflation June headline inflation picked up to 4.8% YoY from 4.3% previously, led by higher food prices. This was still well within the Reserve Bank of India’s (RBI) […]
