INR 82.8375
EUR 1.0943
POUND 1.2794
JPY 147.812
CHF 0.879
AUD 0.66141
CNY 7.1914
Gold 2172.28
Silver 24.981
BRENT CRUDE 84.18
DOLLEX 102.849
3M USD SOFR 5.32927
6M USD SOFR 5.25075
1Y USD SOFR 5.01058
Range for the day: 82.70 – 82.95
The domestic currency open around 82.83 levels and trade sideways ahead of key economic data releases from India and US. The dollar steadies against it’s peers ahead of Retail Sales and PPI data releases as markets continue to assess Fed’s monetary policy outlook. Moreover, investors eye the release of Indian WPI inflation due today to calibrate the sustainment period of RBI’s restrictive monetary policy. While the positivity from Asian equities will extend support to Indian equities, SEBI member’s remarks on stress test for small and mid-cap stocks shall keep investors cautious. Oil prices tick up to $84/barrel as supply tightens amidst a fall in US crude inventories and escalations in Russia-Ukraine war.