INR 83.49-0.01
EUR 1.0860
POUND 1.2658
JPY 155.85
CHF 0.9069
AUD 0.6665
CNY 7.2225
Gold 2376.98
Silver 29.513
BRENT CRUDE 83.42
DOLLEX 104.6084
3M USD SOFR 5.32574
6M USD SOFR 5.27808
1Y USD SOFR 5.10614
Range for the day: 83.30 – 83.55
The Indian Rupee open flat and trade range bound as consistent volatility in domestic indices overshadow the impact of a softer dollar. The recent economic and inflation data releases from the US indicate a slowdown in the economy, fueling in prospects of sooner rate cuts by the Fed. However, the mixed data sets from China, keeps the Yuan weak and influences rupee. Moreover, the choppy trading of Indian equities, particularly this week, shall keep the rupee vulnerable against the dollar. Hints of improving demand inches up oil prices, adding misery to the unit. Highlight for the day would be the release of Eurozone CPI due today.