The Indian Rupee moves higher against the US Dollar to near 85.65. India is in no rush to sign a trade pact with the US. FOMC minutes suggest that officials are worried about tariff-led inflation. The Indian Rupee (INR) gains against the US Dollar (USD) during the European trading session on Thursday. The USD/INR pair…
The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause. The US stated that it will decide whether to attack Iran directly in the next two weeks. This week, the Fed left interest rates steady and warned of upside inflation risks. The Indian Rupee (INR)…
Indian Rupee edges lower in Wednesday’s early Asian session. MSCI-driven outflows weigh on the INR, but lower crude oil prices and a weaker US Dollar might cap its downside. Traders will closely monitor the FOMC Minutes, which will be released later on Wednesday. The Indian Rupee (INR) weakens on Wednesday. Foreign outflows worth $900 million…
USD/MXN flats near 19.58 as soft Mexican manufacturing and Banxico’s dovish tilt weigh against strong US jobs data. Mexico’s dismal data suggests the economic slowdown might continue as PMI hits three-year low, business confidence deteriorates. Banxico is seen cutting rates in May, widening policy gap with Fed and pressuring Peso outlook. The Mexican Peso (MXN)…
Indian Rupee softens in Wednesday’s Asian trading hours. Heightened tensions between India and Pakistan weigh on the INR. Traders await the US ADP Employment Change, PCE inflation and flash Q1 GDP report later on Wednesday. The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in…
The Indian Rupee edges lower in Tuesday’s Asian session. Fresh foreign capital inflows and a weaker Dollar underpin the INR; higher crude oil prices might cap its upside. Investors brace for Fedspeak and CB’s Consumer Confidence report later on Tuesday. The Indian Rupee (INR) softens on Tuesday after closing stronger for the ninth consecutive session…
The Indian Rupee loses momentum in Tuesday’s Asian session. Renewed USD demand could weigh on the INR, but routine RBI intervention and lower crude oil prices might cap its downside. Investors will take more cues from Trump’s policy announcements this week. The Indian Rupee (INR) tumbles on Tuesday after reaching a one-week high in the…
The Indian Rupee holds steady in Wednesday’s Asian session. Outflows from local equities and the widening of India’s November merchandise trade deficit could weigh on the INR. The Fed interest rate decision will take center stage on Wednesday. The Indian Rupee (INR) trades on a flat note on Wednesday after reaching a new record low…
After the inflation numbers in Hungary and the Czech Republic, this morning we also saw the numbers in Romania. November inflation rose from 4.7% to 5.1%, slightly above market expectations, ING’s FX analyst Chris Turner notes. The complete inflation picture “Although inflation should fall again in the coming months, we see the National Bank of Romania returning…
The Indian Rupee extends its downside in Tuesday’s Asian session. Trump’s tariff threat, foreign fund outflows, and a stronger USD weigh on the INR. The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) remains under pressure on Tuesday after depreciating to a fresh all-time low in the previous session….