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The Rupee Finished Flat, Due To Dollar Sales By Exports And Fears Of Central Bank

WikiFX
| 2023-09-22 20:04

Sommario:# trading range for the day is 82.92-83.26.# Rupee ended flat amid exporter dollar sales and fears o

# trading range for the day is 82.92-83.26.

# Rupee ended flat amid exporter dollar sales and fears of potential central bank intervention.

# ADB lowers Indias growth forecast to 6.3 percent for FY24, raises inflation forecast.

# The median dot plot in the Fed\\'s summary of economic projections showed 50 bps of rate cuts in 2024.

# trading range for the day is 88.16-88.88.

# Euro dropped after the Fed kept the target range for the fund\\'s rate at 5.25%-5.5%.

# Risks to inflation in the eurozone are now balanced, ECB\\'s De Cos says.

# Euro zone consumer inflation in August was slightly lower than initially estimated.

# trading range for the day is 101.09-103.03.

# GBP fell after the Bank of England held its policy interest rate at 5.25% during its September meeting.

# Public sector net borrowing excluding public sector banks in the UK was £11.6 billion.

# Data showed British inflation slowed more than expected in August, coming in at 6.7% year-on-year, down from 6.8% in July.

# trading range for the day is 55.99-56.41.

# JPY weakened as the divergence between monetary policy in the US and Japan became more pronounced.

# Japan\\'s top government spokesperson said authorities wouldn\\'t rule out any options in addressing excess volatility in currency markets.

# The Federal Reserve kept the target range for the fund\\'s rate at a 22-year high of 5.25%-5.5%.

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