USDINR : Fundamental View : 21.11.2019
* Indian Rupee appreciated by 0.11 percent yesterday while the Dollar index increased by 0.08 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." According to the minutes from the FOMC October 29-30 monetary policy meeting, most policymakers said the rate cut was appropriate while noting that it was warranted due to global weakness. At that
meeting, the Fed cut the target of the federal fund rate range by 25 basis points to 1.5%- 1.75%.
* 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." According to the minutes from the FOMC October 29-30 monetary policy meeting, most policymakers said the rate cut was appropriate while noting that it was warranted due to global weakness. At that
meeting, the Fed cut the target of the federal fund rate range by 25 basis points to 1.5%- 1.75%.
* USDINR is expected to move sideways in today’s session.