INR Open 83.49/Current 83.51
EUR 1.07708
POUND 1.2525
JPY 155.79
CHF 0.90665
AUD 0.65972
CNY 7.2336
Gold 2356.75
Silver 28.094
BRENT CRUDE 82.53
DOLLEX 105.3182
3M USD SOFR 5.32198
6M USD SOFR 5.28431
1Y USD SOFR 5.13893
Range for the day: 83.40 – 83.60
The local unit to open weaker as dollar gains ahead of US CPI data release. Moreover, the tensions between Washington and Beijings weighs on the Yuan thereby pressurizing the rupee. The extension in selling pressure from FIIs amidst Indian election jitters shall weaken the unit further. However, the fall in oil prices tracking weaker demand will provide support to the currency. Lastly, RBI aid will continue to shield the rupee from sharp depreciation. Markets eye the release of Indian inflation due later in the day.