INR 83.13+0
EUR 1.0876
POUND 1.2780
JPY 156.66
CHF 0.9118
AUD 0.6667
CNY 7.2460
Gold 2351.56
Silver 31.779
BRENT CRUDE 83.28
DOLLEX 104.4321
3M USD SOFR 5.34288
6M USD SOFR 5.31634
1Y USD SOFR 5.20029
Range for the day: 82.95 – 83.25
INR open flat and trade sideways as the impact of a relatively subdued dollar is offset by volatile trade in domestic indices. While markets continue to assess the policy outlook of major central banks, the dollar sways by dip in US Treasury yields as investors improve their risk appetite slightly. However, choppy trade in Indian equities will continue to concern rupee. Moreover, the weakness in Asian peers will add pressure on the local unit. The gradual rise in commodity prices, namely oil, ahead of OPEC’s production decision meeting shall underpin rupee furthermore. The increasing bids from importers ahead of month-end will keep dollar’s demand on the rise against the rupee.