INR 83.33+0.01
EUR 1.0706
POUND 1.2462
JPY 155.46
CHF 0.9147
AUD 0.6500
CNY 7.2425
Gold 2309.01
Silver 26.984
BRENT CRUDE 88.01
DOLLEX 105.78
3M USD SOFR 5.32445
6M USD SOFR 5.28965
1Y USD SOFR 5.18826
Range for the day: 83.20 – 83.40
The local unit open flat and trade sideways owing to shifting risk sentiment of investors ahead of US GDP release due later today. As markets await key data releases from the US to calibrate the timing of rate cuts by the Federal Reserve, their cautious trade shall keep the Indian equities under pressure. Moreover, weakening Asian peers amidst growing interest rate differential add misery to the rupee. However, steady oil prices amidst clouded demand outlook and firm trade by Euro and Sterling supports the rupee. The RBI shall continue to monitor and floor any sharp fall in the currency.