USDINR : Fundamental View : 10.12.2019
* Indian Rupee appreciated by 0.43 percent yesterday while the Dollar index decreased by 0.06 percent during the same time frame. RBI kept the key policy rate unchanged at 5.15 per cent and decided to continue with its accommodative stance to support the economy.
* ADP non-farm payroll data from US came in at 67000 against market expectations of 137000 for Nov’19. Non-manufacturing PMI from US came in at 53.9 against market expectations of 54.5 for
Nov’19. Services PMI from US came in line with market expectations at 51.6 for Nov’19. On the trade war front, trade talks between the U.S. and China are “heading in a good direction,”
White House adviser Jared Kushner said Monday, even as he declined to answer if President Donald Trump would follow through with more tariffs on Dec. 15. US FED will be holding their monetary
policy meeting on 12th Dec’19.
* USDINR is expected to move sideways in today’s session.
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* ADP non-farm payroll data from US came in at 67000 against market expectations of 137000 for Nov’19. Non-manufacturing PMI from US came in at 53.9 against market expectations of 54.5 for
Nov’19. Services PMI from US came in line with market expectations at 51.6 for Nov’19. On the trade war front, trade talks between the U.S. and China are “heading in a good direction,”
White House adviser Jared Kushner said Monday, even as he declined to answer if President Donald Trump would follow through with more tariffs on Dec. 15. US FED will be holding their monetary
policy meeting on 12th Dec’19.
* USDINR is expected to move sideways in today’s session.