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Rupee Ended Weaker Pressured By US Dollar Demand From Foreign Banks

WikiFX
| 2024-01-03 20:01

Abstract:# trading range for the day is 83.28-83.5.# Rupee ended weaker pressured by U.S. dollar demand from

# trading range for the day is 83.28-83.5.

# Rupee ended weaker pressured by U.S. dollar demand from oil companies and foreign banks.

# The Finance Ministry said India\\'s economy is expected to surpass the government\\'s growth estimate of 6.5% in FY24.

# The US labor data, including US Nonfarm Payrolls (NFP), will be in the spotlight this week.

# trading range for the day is 91.35-92.29.

# Euro falls as euro zone factory activity contracts for the 18th month.

# Euro zone bank lending remained weak in November, ECB data shows

# ECB member cautious on lowering borrowing costs, inflation goal not met.

# trading range for the day is 105.17-106.67.

# GBP loses gains as UK manufacturing sector sees setback in growth.

# UK factory activities could be lower-than-projected due to the festive mood.

# The BoE may start reducing interest rates earlier due to deepening recession fears.

# trading range for the day is 58.9-59.34.

# JPY remained in range as investors stayed on the sidelines amid ongoing market holidays in Japan.

# BoJ minutes show agreement to maintain easy policy and undermine JPY.

# Wage growth and market expectations suggest BoJ may pivot away from an ultra-dovish stance.

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