The rupee closed at 83.15 against the U.S. dollar, higher by 0.1% compared with its close at 83.23 in the previous session.
The rupee ended at 83.23 against the U.S. dollar, higher by 0.05% compared with its close at 83.2750 in the previous session.
Analysts said the risk-off mood was also in part driven by concerns over escalating geopolitical tensions after Hamas deputy leader Saleh al-Arouri was killed in a drone strike in Lebanon’s capital Beirut on Tuesday.
ICICI Direct, Euro slipped by 0.89% yesterday amid strong dollar and risk aversion in the global markets. Further, economic concerns weighed on single currency.
Markets are now pricing in an 82% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated this year.
ICICI Direct, Rupee depreciated marginally yesterday amid muted domestic market sentiments and dollar demand from importers.
ICICI Direct, Rupee appreciated yesterday amid weak dollar and decline in crude oil prices. Further, rupee gained strength on rise in risk appetite in the domestic markets and persistent FII inflows.
ICICI Direct, Euro moved up by 0.57% yesterday amid weakness in dollar and rise in risk appetite in the global markets.
ICICI Direct, Rupee depreciated yesterday amid month end dollar demand from importers and FII outflows.
Data on Friday showed U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3% and boosting expectations of an interest rate cut in March.
A positive equity market sentiment and softer crude oil prices, however, provided a cushion and restricted the fall in the Indian currency, forex traders said.
ICICI Direct, Rupee depreciated yesterday amid dollar demand from importers and rise in crude oil prices.
ICICI Direct, Pound is likely to slip towards 1.2580 level as UK CPI data showed inflation eased in November, prompting market to bring forward their expectations of BOE rate cuts.
ICICI Direct, Pound is likely to rise towards 1.2710 level amid weak dollar.
In any case, since hitting a multi-decade low against the dollar near 152 in November, the yen has gained around 6% in value as traders have grown increasingly convinced the BOJ’s low-rates drag on the currency will not last much longer.
ICICI Direct, Euro slipped by 0.89% on Friday amid strong dollar and weaker than expected economic data from Euro Zone.
The kiwi rose over 1% versus the greenback to as high as $0.6249, despite data showing the New Zealand economy unexpectedly contracted in the third quarter.
ICICI Direct, Rupee depreciated yesterday amid firm dollar ahead of US Federal Reserve monetary policy.
At the interbank foreign exchange market, the local unit opened at 83.39 against the greenback and traded in a tight range of 83.38-83.41.
ICICI Direct, Pound is likely to rise towards 1.2600 level amid soft dollar and rise in risk appetite in the global markets.
Forex traders said the bullish equity market and sustained inflow of foreign funds failed to boost investor sentiment.
ICICI Direct, Euro edged lower by 0.32% on Friday amid strong dollar. Meanwhile, sharp downside was cushioned on optimistic domestic market sentiments.
ICICI Direct, Pound is likely to move back towards 1.2650 level on weakness in dollar.
Forex traders said the rupee traded in a narrow range as the support from easing crude oil prices was negated by strong dollar demand from importers.
ICICI Direct, Euro slipped by 0.30% yesterday on the back of firm dollar and risk aversion in the domestic markets.
