December 12 2023
New Delhi, India
USDINR
The last traded price of USDINR (15 Dec 2023) was 83.3900, down by -0.01%. The day’s range for USDINR was a high of ₹83.42 and a low of 83.38. The Reserve Bank of India held its benchmark policy repo at 6.5 percent. RBI Governor Shaktikanta Das warned about the possibility of accelerating inflation in November and December due to food price pressures. The central bank revised its economic growth forecast for the fiscal year 2024 to 7% from 6.5%.
GBPINR
The last traded price of GBPINR (15 Dec 2023) was 104.8975, down by -0.03%. The day’s range for GBPINR is a high of ₹104.90 and a low of 104.54. GBP steadied as investors digested stronger-than-expected US jobs data while eagerly anticipating the BOE’s upcoming policy meeting. The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain. Britain’s inflation rate has dropped from a 41-year high of 11.1% just over a year ago.
EURINR
The last traded price of EURINR (15 Dec 2023) was 89.8200, down by -0.17%. The day’s range for EURINR was a high of ₹89.93 and a low of 89.73. The euro steadied after dovish remarks from ECB’s Isabel Schnabel. German inflation rate confirmed at nearly a 2-½ year low. Eurozone retail sales rose very slightly in October, after three consecutive months of decline.
JPYINR
The last traded price of JPYINR (15 Dec 2023) was 57.1125, down by -1.09%. The day’s range for JPYINR is a high of ₹57.46 and a low of 57.01. JPY rallied after BoJ Kazuo Ueda talked about options while moving away from negative interest rates. The Japanese economy contracted 2.9% on an annualized basis during the third quarter of 2023. Japan’s current account surplus stood at JPY 2,582.8 billion in October 2023, remaining positive for the ninth consecutive month.
