INR 83.00-0.03
EUR 1.08684
POUND 1.27217
JPY 151.276
CHF 0.8884
AUD 0.65391
CNY 7.1991
Gold 2158.75
Silver 24.949
BRENT CRUDE 87.17
DOLLEX 103.84
3M USD SOFR 5.333
6M USD SOFR 5.27957
1Y USD SOFR 5.09686
Range for the day: 82.80 – 83.10
Rupee open around 83.00 levels and shall trade with a weaker bias as the dollar gains ahead of FOMC meeting due today. On the other hand, weakening Yuan amidst China’s status quo policy decision followed by a fall in major crosses adds misery to the rupee. Though the Federal Reserve is expected to keep it’s benchmark rate unchanged today, cues on economic projection and path of rate cut will keep investors anxious. Oil prices overtaking $87/barrel shall weaken rupee furthermore. However, positivity in Asian equities shall extend support to Indian markets and help rupee.