Indian currency appreciated 20 paise to 82.60 at the open against the greenback on Wednesday. It closed at 82.80 on Tuesday.
The Indian rupee could start with a gap up trade this Wednesday morning after the dollar tumbled as the U.S. inflation fell.
the Fed will do despite easing inflationary pressures.
The dollar recovered from yesterday’s lows on this early Wednesday morning in Asian trade, but upside could be capped investors will await Fed meeting outcome tonight.
The euro, the sterling and the yen remained flat this early Wednesday morning.
Indian bond yields are expected to open lower this Wednesday tracking an overnight fall in the U.S. peers.
10-Year Bond Yield Falls
Yield on the 10-year bond fell 3bps to 7.23% in early trade.
IEX Becomes India’s First Carbon Neutral Power Exchange
- IEX says it is now India’s first carbon-neutral power exchange, using market based tradable instruments to offset its carbon emissions.
- EKI Energy provided advisory and consultancy services in this climate action exercise.
Global Cues
- U.S. Dollar Index at 103.98
- U.S. 10-year bond yield at 3.50% on Friday
- Brent crude up 3.45% to $80.68 per barrel
- Nymex crude at $75.18 per barrel
- SGX Nifty up 0.60% to 18,813.5 as of 8:10 a.m.
- Bitcoin up 0.05% to $17,771.44
