USDINR : Fundamental View : 20.11.2019
* Indian Rupee appreciated by 0.17 percent yesterday while the Dollar index increased by 0.06 percent during the same time frame. Inflation numbers tracked by the CPI in India showed consumer
prices leaped by 4.62 percent in October’19 (YoY), higher than September’19 gains of about 4 percent.
* On the trade war front, US President Donald Trump said that he would "just raise tariffs" if the US does not strike a deal with China. He added that "China is going to have to make a deal." US housing
sector showed signs of improvement in October, as Housing Starts expanded 3.8% versus 0.6% expected, and Building Permits surpassed estimates expanding 5.0%. Markets will keenly await for
the U.S. Federal Reserve’s minutes due on Wednesday for hints on their further approach.
* USDINR is expected to move sideways in today’s session.
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prices leaped by 4.62 percent in October’19 (YoY), higher than September’19 gains of about 4 percent.
* On the trade war front, US President Donald Trump said that he would "just raise tariffs" if the US does not strike a deal with China. He added that "China is going to have to make a deal." US housing
sector showed signs of improvement in October, as Housing Starts expanded 3.8% versus 0.6% expected, and Building Permits surpassed estimates expanding 5.0%. Markets will keenly await for
the U.S. Federal Reserve’s minutes due on Wednesday for hints on their further approach.
* USDINR is expected to move sideways in today’s session.