USDINR : Fundamental View : 16.12.2019
* Indian Rupee appreciated by 0.9 percent last week while the Dollar index decreased by 0.89 percent during the same time frame. CPI inflation from India for Nov’19 came in at 5.54 percent against
market expectations of 5.26%.
* 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.” On the trade war front, President Donald Trump
tweeted that the United States was close to a deal ahead of Sunday, when a new round of tariffs on Chinese goods has been set to go into effect.
* USDINR is expected to move sideways in today’s session.
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market expectations of 5.26%.
* 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.” On the trade war front, President Donald Trump
tweeted that the United States was close to a deal ahead of Sunday, when a new round of tariffs on Chinese goods has been set to go into effect.
* USDINR is expected to move sideways in today’s session.