USDINR : Fundamental View : 27.11.2019
* Indian Rupee appreciated by 0.3 percent yesterday while the Dollar index decreased by 0.07 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.
* Jerome Powell spoke at the “The Economic Outlook and Monetary Policy” in Zurich and addressed that the Central Bank is strongly committed towards its 2 percent inflation target. The remarks are
further indication that the Central Bank is highly unlikely to cut rates anytime soon. On the trade war front, the United States and China are close to agreement on the first phase of the trade deal,
U.S. President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues. Also, China has promised US for more
protection on intellectual property. CB Consumer Confidence Index fell in November to 125.5, although the October number was upwardly revised to 126.1.
* USDINR is expected to move sideways in today’s session.
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* Jerome Powell spoke at the “The Economic Outlook and Monetary Policy” in Zurich and addressed that the Central Bank is strongly committed towards its 2 percent inflation target. The remarks are
further indication that the Central Bank is highly unlikely to cut rates anytime soon. On the trade war front, the United States and China are close to agreement on the first phase of the trade deal,
U.S. President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues. Also, China has promised US for more
protection on intellectual property. CB Consumer Confidence Index fell in November to 125.5, although the October number was upwardly revised to 126.1.
* USDINR is expected to move sideways in today’s session.