Rupee ends almost flat ahead of key US data sets; falls in July thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Rupee gains for second week on inflows, focus shifts to Fed thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The dollar index slipped to a fresh two-month low of 101.33 on Wednesday, while U.S. yields extended their declines ahead of data that is expected to show that both headline and core U.S. consumer price index rose 0.3% month-on-month in June, per a Reuters poll
Rupee logs 3-day winning run ahead of key US inflation print kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
The Indian rupee had its best week against the US dollar since March, closing at 81.93 per US dollar on Friday, helped by strong foreign fund inflows and expectations that the Federal Reserve will lighten its aggressive stance on interest rates due to jobs and manufacturing data. The rupee rose 0.6% for the week on the back of very large corporate inflows and will be impacted by an expected rise in dollar-rupee forward premiums as bets of an aggressive Fed recede. The dollar index is set to log its worst week in five months on hawkishness from the European Central Bank.