INR 82.93+0.03
EUR 1.08745
POUND 1.27261
JPY 149.27
CHF 0.88807
AUD 0.65543
CNY 7.1982
Gold 2161.05
Silver 25.111
BRENT CRUDE 86.81
DOLLEX 103.5916
3M USD SOFR 5.33251
6M USD SOFR 5.27514
1Y USD SOFR 5.07859
Range for the day: 82.75 – 83.05
The domestic currency is expected to open around 82.93 levels as dollar steadies ahead of Fed Meeting tomorrow. Markets awaiting key policy decisions from BOJ and Fed have turned risk averse which in turn has pushed Asian equities in red. This shall keep Indian equities under pressure as well. Moreover, oil prices march towards $90/barrel as supply constrains persists while demand grows. Furthermore, increase in importer bids ahead of Fed policy decision shall keep the dollar stronger.