Key Points
MUMBAI (Reuters) The Indian rupee is likely to decline slightly at open on Tuesday, in spite on an uptick on most Asian currencies after a U.S. inflation print reinforced expectations the Federal Reserve will cut rates several times next year...
Indian markets were off on Monday.. NDFs indicating a lower opening (for the rupee) is nothing and merely reflects how directionless it all is, a foreign exchange trader at a bank said...
Asian currencies were up 0.1% to 0.4% after data out Friday indicated that U.S. prices fell in November for the first time in more than 3-1/2 years, pushing the annual increase in inflation further below 3%...
KEY INDICATORS: ** One-month non-deliverable rupee forward at 83.24; onshore one-month forward premium at 8 paisa ** Dollar index down at 101.58 ** Brent crude futures down 0.4% at $79.1 per barrel ** Ten-year U.S. note yield at 3.88%..
** As per NSDL data, foreign investors sold a net $157.4 mln worth of Indian shares on Dec. 21..
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