INR 82.87-0.05
EUR 1.08346
POUND 1.26662
JPY 149.786
CHF 0.87857
AUD 0.65128
CNY 7.194
Gold 2035.53
Silver 22.477
DOLLEX 103.8619
3M USD SOFR 5.34125
6M USD SOFR 5.28687
1Y USD SOFR 5.09332
Range for the day: 82.80 – 83.00

The domestic currency open around 82.87 levels, sustaining it’s range bound trade ahead of India’s GDP data release due today. On the other hand, the data released yesterday indicated that the US GDP missed to meet expectations of 3.3% and witnessed growth at 3.2% in Q4 of 2023, fueling in “soft-landing” speculations. Ahead of US PCE release due later today, the dollar shall sway amongst shifting risk sentiment of investors and increase in demand from importers amid month-end settlements. Asian equities trade red with cautious move from investors. However, consistent inflows in Indian debt market followed by an ease in oil prices tracking an uptick in US crude stock shall extend support to the rupee.