INR 82.95+0.14
EUR 1.0877
POUND 1.27354
JPY 148.408
CHF 0.88461
AUD 0.65641
CNY 7.1933
Gold 2164.11
Silver 24.958
BRENT CRUDE 85.23
DOLLEX 103.4448
3M USD SOFR 5.32954
6M USD SOFR 5.25677
1Y USD SOFR 5.03369

The monthly reading of US PPI surpassed expectations of 0.2% and came in at 0.3% in February citing sticky inflation. While markets anticipate a status quo policy decision in Fed’s meeting due next week, markets await cues on economic projections from the Fed Chairman. Ahead of Indian fund manager’s stress tests unveiling today, the Indian equities shall trade muted. Oil prices continue an upward trend amidst tighter supply concerns. Taking all this into account, rupee shall trade under pressure. Markets await the release of Indian trade balance figures, US industrial and manufacturing production data due today.