December 5, 2023
New Delhi, India
USDINR
The last traded price of USDINR was ₹83.3800, showing a 0.05% increase. The day’s trading range was between ₹83.25 and ₹83.47. The rupee gained strength, supported by robust domestic economic data and a slight weakness in the US dollar. The S&P Global India Manufacturing PMI rose to 56.0 in November, rebounding from October’s 8-month low of 55.5. India’s economy also outperformed expectations in the second quarter of FY24.
GBPINR
GBPINR’s last traded price was ₹105.7375, showing a 0.30% increase. The day’s trading range was between ₹105.08 and ₹105.78. The British Pound steadied amid sluggish US Treasury yields. The S&P Global/CIPS UK Manufacturing PMI was revised upward to 47.2 in November. Governor Andrew Bailey emphasized the central bank’s commitment to taking necessary measures to bring inflation down to its 2% target.
EURINR
EURINR’s last traded price was ₹90.7300, marking a -0.07% decrease. The day’s range oscillated between ₹90.66 and ₹91.14. The Euro declined following Eurozone inflation, which came in below expectations. However, the Eurozone factory downturn showed a slight easing in November according to the PMI, and economic sentiment in the Eurozone inched up.
JPYINR
JPYINR’s last traded price was ₹56.9100, indicating a 0.96% increase. The day’s range fluctuated between ₹56.36 and ₹56.76. The Japanese Yen dropped following less-hawkish remarks by Bank of Japan (BoJ) officials. Japan’s factory activity saw its most significant contraction in nine months, and the unemployment rate unexpectedly stood at 2.5% in October 2023.
