USDINR : Fundamental View : 22.11.2019
* Indian Rupee remained flat 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, China’s chief trade negotiator has invited his American counterparts for a new round of face-to-face talks, according to people briefed on the matter, as both sides are
struggling to strike a limited deal to help de-escalate tensions between the world’s two largest economies. 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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by 4.62 percent in October’19 (YoY), higher than September’19 gains of about 4 percent.
* On the trade war front, China’s chief trade negotiator has invited his American counterparts for a new round of face-to-face talks, according to people briefed on the matter, as both sides are
struggling to strike a limited deal to help de-escalate tensions between the world’s two largest economies. 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.