Key Points
MUMBAI (Reuters) The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday amid an uptick in most Asian currencies and a rally in oil prices...
Non-deliverable forwards indicate the rupee will open nearly unchanged from the previous close of 83.1925...
Brent crude reached a high of $81.72 during the New York session on Tuesday, the highest this month, amid Red Sea vessel attacks...
Indian equities have managed a 6.5% rally in December on the back of foreign inflows worth $9.5 billion...
KEY INDICATORS: ** One-month non-deliverable rupee forward at 83.26; onshore one-month forward premium at 7.75 paisa ** Dollar index at 101.48 ** Brent crude futures at $80.9 per barrel ** Ten-year U.S. note yield at 3.88% ** As per NSDL data, foreign investors sold a net $69.2mln worth of Indian shares on Dec. 22..
You might be interested in
Rupee likely to sidestep rally in Asia FX fuelled by US yields
28, Nov, 23The Indian rupee is expected to open little changed on Tuesday, unable to take advantage of the broad up move in other Asian peers in the wake of a fall in U.S. Treasury yields.
Rupee slightly up; RBI's rate decision not seen having major impact
06, Oct, 23The Indian rupee rose slightly in early trading on Friday, taking comfort from a softer U.S. dollar and a further decline in oil prices.
Rupee may drop on weak risk, eyes fallout of RBI's swap maturity
23, Oct, 23The Indian rupee is likely to fall on Monday, tracking weakness in Asian shares and currencies, while investors eyed the impact of the Reserve Bank of India's $5 billion swap maturity.
India rupee to get some respite after pullback on oil, dollar
17, Oct, 23The Indian rupee is expected to rise marginally at open on Tuesday on the back of a pullback in crude oil prices and the safe-haven dollar.
Rupee to take support from RBI's late "heavy" intervention
20, Oct, 23The Indian rupee is expected to inch up at open on Friday, drawing support from the Reserve Bank of India's (RBI) likely aggressive intervention late in the previous session.
Rupee to weaken on dollar rally, RBI likely to intervene
08, Aug, 23The Indian rupee is expected to open lower on Tuesday, weighed down by the recovery in the dollar index and a decline in Asian peers.
Rupee to weaken after dollar jumps on upbeat US data, dovish ECB
28, Jul, 23The Indian rupee is poised to decline on Friday after a better-than-expected reading on U.S. gross domestic product and a slump in the euro prompted the biggest rally on the dollar index in more than four months.
Rupee to see mild respite on yuan-lead rally on Asia Fx
21, Nov, 23The Indian rupee is likely to inch higher at open on Tuesday, lifted by a broad rally in Asian peers which pushed the Chinese yuan to its highest in nearly four months.
Rupee to rise after safe haven dollar drops to 4-month low
22, Dec, 23By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is expected to open higher on Friday after a recovery in U.S. equities dampened the demand for the safe haven dollar. Non-deliverable forwards
Rupee to hang around 82/$ on soft dollar, RBI intervention bets
18, Jul, 23The Indian rupee is expected to open little changed on Tuesday amid a mostly weaker dollar and expectations that the Reserve Bank of India may step in.