Foreign money Market At the moment: Rupee trades close to all-time low as markets await US CPI and Fed charge determination

The rupee is at the moment buying and selling at 83.56 per greenback, near its all-time closing low of 83.57, which it hit on Tuesday. The foreign exchange market is awaiting immediately’s US Could CPI print and the Fed charge determination. IFA World, in a report, mentioned US headline and core CPI prints are anticipated … Read more

Outlook 2024: The place’s the Rupee Headed?

2023 was a peaceful and secure yr for the Indian rupee. The home foreign money was caught in a slender vary of 80.88 to 83.45 all by means of the yr. Rate of interest hikes within the US, sturdy rise in US Treasury yields, geopolitical tensions, banking disaster — all these had been alleged to … Read more