Dollor to rupee6/13/2023 note yield at 3.46% ** SGX Nifty nearest-month futures down 0.2% at 18,282 ** As per NSDL data, foreign investors bought a net $120.7mln worth of Indian shares on May. KEY INDICATORS: ** One-month non-deliverable rupee forward at 82.32 onshore one-month forward premium at 10.5 paise ** USD/INR NSE May futures settled on Friday at 82.2225 ** USD/INR May forward premium at 4.75 paise ** Dollar index at 102.66 ** Brent crude futures down 0.5% at $73.8 per barrel ** Ten-year U.S. India's annual retail inflation eased to a 19-month low of 4.7% in April. India's inflation data was "supportive" of the rupee in the medium term, the trader said. The Indian rupee, like the rest of Asia FX, is expected to struggle, but will receive support at 82.25, a high USD/INR reached on April 19, according to a spot trader. The offshore yuan dropped to its lowest level in over two months. Convert United States Dollar to Nepalese Rupee USD to NPR Currency Converter USD 1.00 132.186 NPR invert currencies USD - United States Dollar NPR - Nepalese Rupee Conversion Rate (Buy/Sell) NPR/USD 132. "Their assessments of whether recent labour market and inflation data support pausing in June or not will be scrutinised," ANZ said in a note.Īsian currencies declined except for the Thai baht, which was supported by the country's election results. There are 10 Fed speakers scheduled over the coming days, including Chair Jerome Powell this Friday, according to ANZ. The odds of an interest rate hike from the Fed at its June meeting inched up, although the base scenario remains that of a pause.įed Governor Michelle Bowman last Friday said the central bank will probably need to raise rates further if inflation stays high, adding that key data so far this month has not convinced her that price pressures are receding. Federal Reserve is done with its tightening cycle. pushed yields higher and supported demand for the dollar.Ī survey from the University of Michigan on Friday showed consumers' long-term inflation expectations jumping this month to their highest reading since 2011, hurting sentiment that the U.S. Renewed worries over the inflation outlook in the U.S. The dollar index climbed 0.6% on Friday to reach its highest level in a month and the two-year U.S. dollar, compared with 82.1625 in the previous session. XE’s free live currency conversion chart for US Dollar to Indian Rupee allows you to pair exchange rate history for up to 10 years. dollar, compared with 82.1625 in the previous session. Non-deliverable forwards indicate the rupee will open at around 82.20-82.22 to the U.S. 11 hours ago &0183 &32 Non-deliverable forwards indicate the rupee will open at around 82.20-82.22 to the U.S. MUMBAI: The Indian rupee is expected to weaken on Monday, adding to last week's losses, tracking a rally on the dollar index and higher U.S.
0 Comments
Leave a Reply. |