USDINR : Fundamental View : 12.12.2019
* Indian Rupee appreciated by 0.14 percent yesterday while the Dollar index remained flat during the same time frame.
* On the trade war front, U.S. and Chinese trade negotiators are laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15, officials on both sides said, as they haggle over
how to get Beijing to commit to massive purchases of U.S. farm products on which President Trump is insisting for a near-term deal. The US FED, announced its latest monetary policy decision, and as
expected, policymakers kept rates on hold. The FOMC funds rate was left at 1.50%-1.75. The accompanying statement showed that policymakers would continue to monitor data for the economic
outlook “including global developments and muted inflation pressures.”
* USDINR is expected to appreciate in today’s session.
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* On the trade war front, U.S. and Chinese trade negotiators are laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15, officials on both sides said, as they haggle over
how to get Beijing to commit to massive purchases of U.S. farm products on which President Trump is insisting for a near-term deal. The US FED, announced its latest monetary policy decision, and as
expected, policymakers kept rates on hold. The FOMC funds rate was left at 1.50%-1.75. The accompanying statement showed that policymakers would continue to monitor data for the economic
outlook “including global developments and muted inflation pressures.”
* USDINR is expected to appreciate in today’s session.