INR 82.88-0.05
EUR 1.08188
POUND 1.26602
JPY 150.452
CHF 0.88145
AUD 0.65531
CNY 7.1971
Gold 2031.51
Silver 22.798
BRENT CRUDE 81.22
DOLLEX 103.9882
3M USD SOFR 5.33057
6M USD SOFR 5.27351
1Y USD SOFR 5.07243
Range for the day: 82.80 – 83.05
The Indian Rupee is expected to trade range bound as dollar inflows into the Indian economy offset the impact of a steady dollar. With key economic data releases related to US inflation, manufacturing and GDP due this week, the dollar holds an upper hand against other currencies. Following this, the Asian equities are expected to trade flat as investors refine speculations for future rate moves of major central banks. Moreover, RBI intervention and an increase in importer bids at lower levels shall keep the USDINR on the higher end. However, the fall in oil prices amidst a delay in rate-cut cycle and bearish demand outlook shall keep rupee supportive.