Plenty of data to be announced by the US this week including those on trade balance, CPI, initial jobless claims, wholesale inventories and consumer sentiments. The UK will declare industrial production, manufacturing production and GDP data. China will announce its FDI, CPI, producer price index (PPI) and trade balance data
The Indian rupee will be
guided by the slew of important U.S. data that will help
investors assess the Federal Reserve s rate path for the rest of
the year, while bond yields may continue to move.
Weekahead: Indian rupee to take cues from US data, bond yields may see uptick zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The Indian rupee rebounded from its recent losing streak, closing 0.2% higher against the US dollar, due in part to weaker-than-expected US jobs data. The dollar index also dropped 0.9% on Friday, benefiting emerging market FX carry, bringing foreign investors back to the Indian market. The rupee far forward premiums have seen tracking the drop in near-maturity US yields.