INR 82.84-0.03
EUR 1.08894
POUND 1.27348
JPY 149.014
CHF 0.88291
AUD 0.65668
CNY 7.1967
Gold 2146.93
Silver 25.004
BRENT CRUDE 85.64
DOLLEX 103.4237
3M USD SOFR 5.32968
6M USD SOFR 5.26556
1Y USD SOFR 5.05951
Range for the day: 82.70 – 82.95
Rupee open around 82.84 levels and witness a range bound trade as the impact of steady dollar and higher oil prices is expected to be offset by positive domestic equities. Ahead of a week packed with major central bank policy decisions and inflation reading release from developed economies, the investors are expected to stay alert and assess the policy as well as economic outlook of developed countries. Though US Dollar withstands strength on the back of rising Treasury yields, better-than-expected industrial output data from China has uplifted Asian equities which shall extend support to Indian equity market. However, rising oil prices amidst tight supply concerns will limit rupee’s gains.