INR 83.48-0.03
EUR 1.0748
POUND 1.2498
JPY 155.56
CHF 0.9082
AUD 0.6582
CNY 7.2241
Gold 2311.64
Silver 27.449
BRENT CRUDE 83.97
DOLLEX 105.5179
3M USD SOFR 5.32557
6M USD SOFR 5.2935
1Y USD SOFR 5.14913
Range for the day: 83.35 – 83.60
Rupee is expected to sustain it’s weaker trade owing to a firm dollar ahead of US inflation print release next week. Ahead of BoE policy decision due later today, the Global peers are expected to trade under pressure thereby strengthening the dollar against its counterparts. A bullish trend in oil prices amidst tighter supply concerns adds misery to the rupee. The FII outflows from Indian equities are expected to persist as investors seem cautious ahead of key economic data releases from US next week and uncertainty looming around Indian elections. Conversely, better-than-expected Chinese trade figures are expected to uphold Yuan and rupee. However, the currency will continue to look up to the RBI for support.