December 27, 2023
New Delhi, India
USDINR
The last traded price of USDINR was 83.1875 up by 0.01%. The day’s range for USDINR is a high of ₹83.23 and a low of 83.12. The rupee closed stronger, influenced by a rise in its Asian counterparts and supported by dollar sales from large foreign banks. In the United States, year-ahead inflation expectations dipped to a near three-year low of 3.1% in December 2023. India’s foreign exchange reserves increased by $9.11 billion to $615.97 billion.
GBPINR
The last traded price of GBPINR was 105.5700 down by -0.30%. The day’s range for GBPINR is a high of ₹105.78 and a low of 105.54. The British pound gained as investors analyzed recent data and assessed the monetary policy outlook. Q3 data indicated a contraction in the British economy, with Q2 figures also revised downward, increasing the risk of a recession. Retail sales in the United Kingdom increased by 1.3% month-over-month in November 2023.
EURINR
The last traded price of EURINR was 91.5875 down by -0.08%. The day’s range for EURINR is a high of ₹91.74 and a low of 91.58. The euro gained ground as the final US GDP disappointed. Eurozone consumer confidence rose to -15.1 in December. US economic growth was revised down to 4.9% in the third quarter from the previous 5.2% estimation.
JPYINR
The last traded price of JPYINR was 58.5275 down by -0.15%. The day’s range for JPYINR is a high of ₹58.59 and a low of 58.44. The Japanese yen remained steady after data showed Japanese inflation continued to ease in November, with the inflation rate falling to a 16-month low. The core consumer price index in Japan rose 2.5% in November 2023, slowing from a 2.9% gain in October.
