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Rupee Settled Little Changed, Supported By The RBI\\'s Likely Sales Of US Dollars.

WikiFX
| 2023-12-12 19:40

Abstract:# trading range for the day is 83.38-83.46.# Rupee settled little changed supported by likely U.S. d

# trading range for the day is 83.38-83.46.

# Rupee settled little changed supported by likely U.S. dollar sales by the RBI

# Rupee forward premiums declined, with the 1-year implied yield falling to 1.60%

# RBI upgraded the forecast for the current fiscal year 2023-2024 to 7% from 6.5% previously.

# trading range for the day is 89.68-90.08.

# Euro dropped on an extended US Dollar rally ahead of this week\\'s key macroeconomic data releases and central bank meetings.

# German inflation rate confirmed at nearly 2-½ year low

# Euro zone retail sales rose very slightly in October, after three consecutive months of decline.

# trading range for the day is 104.43-105.13.

# GBP dropped as investors eagerly anticipated the BOEs upcoming policy meeting.

# The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain

# Britain\\'s inflation rate has dropped from a 41-year high of 11.1% just over a year ago.

# trading range for the day is 56.83-57.79.

# JPY dropped as the dollar strengthened after stronger-than-expected US jobs data.

# Japans machine tool orders declined 13.6% year-on-year to JPY 115,884 million in November 2023

# The business survey index of large manufacturing firms in Japan rose to 5.7% in the fourth quarter of 2023 from 5.4% in the third quarter.

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