INR 83.39-0.08
EUR 1.07333
POUND 1.25501
JPY 153.044
CHF 0.90954
AUD 0.65733
CNY 7.2401
Gold 2300.99
Silver 26.631
BRENT CRUDE 83.86
DOLLEX 105.2631
3M USD SOFR 5.33593
6M USD SOFR 5.32846
1Y USD SOFR 5.25742
Range for the day: 83.25 – 83.48
The Indian Rupee open stronger and trade with an appreciative bias as a less hawkish tone of the Fed underpins the dollar. Investors sentiment seems positive and risk appetite looks strong which shall extend support to the Indian equities. Moreover, the bullish trend in Global and Asian peers further cheers the local unit. Though the extension in OPEC supply supply cuts maintain the pressure on the trade chain of oil, prices sustain below $85/bbl. However, importer demand and anticipation over the upcoming US Non-farm payroll release shall keep the rupee’s gains limited.