USDINR : Fundamental View : 25.11.2019
* Indian Rupee depreciated by 0.1 percent last week while the Dollar index decreased by 0.02 percent during the same time frame. CPI from India came in at 4.62 percent which is higher than RBI’s
medium target of 4 percent.
* 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%.
* 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.
* USDINR is expected to move sideways in today’s session.
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medium target of 4 percent.
* 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%.
* 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.
* USDINR is expected to move sideways in today’s session.