January 19, 2023
New Delhi, India
The last traded price of USDINR was 83.1625 up by 0.01%. The day’s range for USDINR is a high of ₹83.18 and a low of 83.15
The Indian Rupee saw minimal changes, influenced by positive signals from Asian counterparts and an increase in dollar demand from foreign banks. The Reserve Bank of India (RBI) Governor expressed that inflation in India is moderating, and the outlook for growth remains robust. On the global front, Federal Reserve’s Waller stressed the importance of deliberate and cautious rate cuts.
The last traded price of GBPINR was 105.6675 up by 0.14%. The day’s range for GBPINR is a high of ₹105.70 and a low of 105.67
The British Pound stabilized as expectations for an early rate cut by the Bank of England diminished. However, UK inflation persisted at elevated levels, driven by increased fuel costs and seasonal airfare prices. Notably, the RICS UK Residential Market Survey indicated an improvement in the house price balance in December 2023, reaching its highest level since November 2022.
The last traded price of EURINR was 90.5725 down by -0.04%. The day’s range for EURINR is a high of ₹90.62 and a low of 90.57
The Euro strengthened as risk sentiment improved, marked by a retreat in the US dollar and Treasury yields. European Central Bank officials maintained a hawkish tone at Davos, while the Euro Area’s current account surplus significantly expanded in November 2023.
The last traded price of JPYINR was 56.1525 down by -0.26%. The day’s range for JPYINR is a high of ₹56.19 and a low of 56.12