![]() The next support is at 81.40 after 81.70 is broken," said Anil Kumar Bhansali, Head of Treasury Finrex Treasury Advisors LLP. The gain in Asian currencies and tepid comments by Fed officials also kept the dollar index lower, driving the rupee up. "Inflows of Rs 10,000 crore from SBI infrastructure bond was the main reason for the fall in the dollar-rupee exchange rate from 82.25 to 81.75 today as oil companies stepped aside after buying for almost one month. For India CPI for December expected at 5.9 percent from 5.88 percent a month ago. Aaccording to Bloomberg US CPI expected at -0.10 percent. New customers get 82.03 INR to 1 USD on their first money transfer. Both US and India CPI for December will be out on 12 December. US Dollar to Indian Rupee 1 80.92 Remitly offers dependable rates for USD to INR with no hidden fees. ![]() Traders are now awaiting inflation print of the US and India this week for further cues. The yuan was stronger after China reopened its borders with Hong Kong on Sunday for the first time in three years, suggesting an end to its stringent zero-Covid policy.įalling US Dollar Index, which is trading near a seven-month low due to the Fed’s less hawkish tone and weaker US economic data, falling oil prices - which could help to ease pressure from widening trade deficit, dealers said.ĭomestically, stronger purchasing managers index and inflation is into the RBI's target range also boosting sentiments. XE’s free live currency conversion chart for Indian Rupee to US Dollar allows you to pair exchange rate history for up to 10 years. This will keep a lid on the DXY and limit the gains to around 105.50 levels," said CR Forex advisors in its latest report.Ī stronger yuan and falling crude oil also boosted the rupee, dealers said. "Markets have taken the latest US data as a sign that the economy is gradually slowing, and should that continue, the Fed can step down to a 25bps interest rate hike from 50bps at its next policy meeting. At 2.15am, the domestic currency was trading at 81.80 a dollar, up 0.66 percent from its previous close of 82.36. The home currency opened at 82.29 and touched a high of 81.7925 to a dollar -a level last seen on December 2. the country has to sell rupees and purchase dollars to disburse its bills. India's inflation data, due later in the week, will provide cues on the RBI's next rate hike moves.The rupee surpassed 82 to a dollar to a fresh five-week high on Tuesday, tracking gains in its Asian peers after the US wage data hinted that the Federal Reserve may ease its aggressive rate hikes. As per the report published by Moneycontrol, an Indian financial agency. The data is critical after the Federal Reserve, last week, signalled a pause in rate hikes. Other Asian currencies edged lower as Treasury yields rose ahead of U.S. / 04:14 PM IST Rupee The rupee pared initial gains to settle lower by 2 paise at 81.80 (provisional) against the US dollar on Monday, tracking a recovery in crude oil prices. debt ceiling talks and new inflation data for a clearer picture of the economic outlook and the Federal Reserve's likely rate-hiking path. The dollar index inched up as traders awaited clarity on U.S. The demand for dollars might be due to purchases by importers, said Anand James, chief market strategist at Geojit Financial Services.Īn uptick in the USD/INR was brewing, with the 81.6 support level having held firm for the last two weeks, James said.Ī possible covering of dollar short positions in the wake of the Reserve Bank of India's intervention may be another reason for the dollar's surge, traders said. Forex traders said significant foreign fund inflows and crude oil prices trading below USD 75 a barrel also supported the local unit. Dollar / Indian Rupee FXIDCUSDINR 82.0950INR +0.0250 +0.03 Last update at May 12, 04:03 UTC See on Supercharts Overview News Ideas Technicals USDINR chart Today 0.22 Week 0.46 1 month 0.06 6 months 1.79 Year to date 0. dollar, compared with its close of 81.7950 in the previous session. The rupee edged up by 2 paise to settle at 81.78 against the US dollar in a range-bound trade on Thursday, tracking the weakness of the American currency in the overseas market. USD INR Chart Dollar to Rupee Rate TradingView INR +0.0250 +0.03 Markets / Currencies / Asia / Exotic / USDINR U.S. ![]() MUMBAI, May 9 (Reuters) - The Indian rupee fell to a more than two-week low on Tuesday on the back of dollar purchases by importers and short covering by traders, with a rise in U.S.
0 Comments
Leave a Reply. |