The Indian rupee rose against the U.S. dollar on Wednesday amid weakness in the American currency, but was not able to move past a key level, while lower U.S. yields pushed far forward premiums to their highest since October.
The rupee was at 82.1850 to dollar by 11:00 a.m. IST, up from 82.3325 in the previous session. The rupee reached an intraday high of 82.0525.
"The tight U.S. labour market is getting less tight, and the Fed rate hike cycle is increasingly viewed as approaching its end," Chang Wei Liang, macro strategist at DBS, said in a note.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
INDIA RUPEE Indian rupee to strengthen as weak US data pushes dollar to 2-month lowThe Indian rupee is expected to rise against the U.S. currency on Wednesday as weak manufacturing and job openings data dented demand for the dollar.
Leer más »
USD/INR: RBI to maintain a hawkish bias, helping to mitigate Rupee weakness – CommerzbankEconomists at Commerzbank discuss Thursday’s RBI decision and the outlook for the Indian Rupee. We may even see another 50-75 bps hike in total this y
Leer más »
Indian rupee set to weaken further in coming months: Reuters pollThe Indian rupee, one of the worst-performing Asian currencies last year, will fall further in the coming months and is expected to drift back to trade around where it is now in 12 months, according to a Reuters poll of FX strategists.
Leer más »
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar – Economics Bitcoin NewsThe new Indian foreign trade policy guidance, which was implemented on April 1, includes a new option of settling payments in Indian rupees for countries with a U.S. dollar crush.
Leer más »
Update: Juvenile suspects arrested in October killing of teen brothers at Oakland house partyTwo juveniles have been arrested for allegedly shooting and killing two high school students at a house rented through Airbnb last October, the Oakland Police Department announced on Tuesday.
Leer más »
India's Gandhi to appeal against defamation conviction on 'multiple grounds'Indian opposition leader Rahul Gandhi will on Monday lodge an appeal against his conviction for defamation, his lawyer said, hoping to overturn a judgement that resulted in his expulsion from parliament a year before a general election is due.
Leer más »