![]() ![]() Markets are waiting for a rate decision from the Bank of England later in the day while also watching India's inflation numbers, due Friday. "Overall, the CPI outcome shall support the view that the Fed is done tightening, but it may not be dovish enough to justify the hefty rate cuts currently priced by the market," analysts at OCBC wrote in a note.įutures indicate a rate cut in September. inflation, which slowed slightly more than expected last month, offered little clues to the Federal Reserve's rate trajectory. If the support at 81.85 for USD/INR holds, another upswing is possible, which may not be directional, until the resistance at 82.2 is broken, said Anand James, chief market strategist at Geojit Financial Services There were no major inflows or outflows during the day," said Dilip Parmar, research analyst at HDFC Securities.Īsian currencies were also mostly weaker through the day. "What we saw in rupee is more of reflections of the dollar index. The dollar index rose 0.46% on Thursday after holding stable following U.S. dollar on Thursday, against the previous session's 81.9850. You’ll pay up to $30 for overnight delivery.MUMBAI, May 11 (Reuters) - The Indian rupee weakened on Thursday, closer to the near two-week lows hit earlier this week, weighed by broad strength in the dollar index. For example, while CXI doesn’t charge an exchange fee, it does charge a large fee for shipping. Make sure to research any providers by reading online reviews and to make note of the fees they charge. Be aware, however, that not all online currency websites are created equal.
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