December 7, 2023
New Delhi, India
USDINR
The last traded price of USDINR on December 6, 2023, was ₹83.3400, showing a decrease of -0.03%. The day’s range was between ₹83.31 and ₹83.38. The rupee maintained a tight range with potential central bank intervention countering local demand for the dollar. The S&P Global India Services PMI and Composite PMI both declined in November, indicating a slowdown.
GBPINR
GBPINR’s last traded price on December 6, 2023, was ₹104.9100, reflecting a decrease of -0.44%. The day’s range extended from ₹104.91 to ₹105.16. The British Pound experienced a decline in a cautious market atmosphere, with attention on monetary policy outlook. UK retail sales rose in November, but public expectations for inflation over the medium to long term increased in October.
EURINR
EURINR’s last traded price on December 6, 2023, was ₹89.9225, marking a decrease of -0.47%. The day’s range fluctuated between ₹89.82 and ₹90.07. The Euro faced a drop as investors evaluated the global economic and interest rate outlook. Dovish comments from ECB official Isabel Schnabel contributed to the Euro’s challenges
JPYINR
The last traded price of JPYINR on December 6, 2023, was ₹56.5575, showing a decrease of -0.35%. The day’s range varied from ₹56.55 to ₹56.73. The Japanese Yen saw a drop following a downward revision in the Services PMI and Composite PMI for November. Tokyo’s core inflation rate also rose less than expected in November, contributing to market considerations.
