Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Rupee trades higher against US dollar ahead of key CPI, IIP data >
  5. Rupee trades higher against US dollar ahead of key CPI, IIP data

Online Export Import Data Search

Complete Training Video : Click Here

Rupee trades higher against US dollar ahead of key CPI, IIP data.


Date: 12-03-2018
Subject: Rupee trades higher against US dollar ahead of key CPI, IIP data
Mumbai: The Indian rupee was trading higher against the US dollar ahead of key Consumer Price Index-based (CPI) inflation and Index of Industrial Production (IIP) data due on Monday after 5.30pm.

The home currency opened at 64.95 a dollar. At 9.15am, the rupee was at 64.96, up 0.33% from its previous close of 65.17.

The government will issue IIP and CPI for January and February, respectively, after 5.30pm on Monday. According to Bloomberg analysts’ estimates, IIP for January will be at 6.4% from 7.1% a month ago, while CPI for February will be 4.74% versus 5.07% last month.

India’s benchmark Sensex index rose 0.2%, or 54 points, to 33,360. So far this year, Sensex has fallen 2.4%.

Yields on 10-year government bonds was at 7.697% compared to Friday’s close of 7.671%. Bond yields and prices move in opposite directions.

Year to date, the rupee weakened 1.7%, while foreign investors have bought $142.10 million and $857.50 million in equity and debt markets, respectively.

Asian currencies were trading higher as risk appetite returned after data on Friday showed the US economy in good health but without a sharp increase in wages that spurred inflationary fears last month. Payrolls rose 313,000 in February, compared with the 205,000 median estimate in a survey of economists. The jobless rate was at 4.1%.

South Korean won was up 0.47%, Indonesian rupiah 0.29%, Japanese yen 0.2%, Singapore dollar 0.15%, Taiwan dollar 0.11%, Malaysian ringgit 0.11%, Philippines peso 0.1%, China renminbi 0.08% and China offshore 0.08%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 90.01, down 0.09% from its previous close of 90.093.

source: livemint.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-12-2018
NOTIFICATION No. 57/2018-Customs (ADD) New
Seeks to levy definitive anti-dumping duty on the imports of "Uncoated Copier Paper" originating in or exported from Indonesia, Thailand and Singapore.

Date: 12-12-2018
Circular No. 52/2018-Customs
Revision of All Industry Rates (AIRs) of Duty Drawback

Date: 06-12-2018
Circular No. 50/2018-Customs
Clarification with respect to amendments to Customs and Central Excise notifications for EOUs - reg.

Date: 06-12-2018
Public Notice No. 57/2015-20
Errata to Public Notice No.50/2015-2020 dated 26th November, 2018 notifying procedure for allocation of quota for import of (i) Calcined Pet Coke for use as Calcined Pet Coke (CPC) in Aluminum Industry and (ii) Raw Pet Coke for CPC manufacturing industry.

Date: 06-12-2018
A.P. (DIR Series) Circular No.16
Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania

Date: 06-12-2018
Notification No. 96/2018 - Customs (N.T.)
Exchange Rates Notification No.96/2018-Custom(NT) dated 06.12.2018

Date: 05-12-2018
Notification No. 1/2018-Central Excise (N.T)
General Bond (Form B-17) to be executed by the EOUs

Date: 05-12-2018
Notification No. 79/2018-Customs
Amendment to notification no. 52/2003-Customs dated 31.03.2003 -reg.

Date: 05-12-2018
NOTIFICATION No. 23/2018-Central Excise
Amendment to notification no. 22/2003-CE, 23/2003-CE & 24/2003-CE all dated 31.03.2003 -reg.

Date: 05-12-2018
NOTIFICATION No. 23/2018-Central Excise
Amendment to notification no. 22/2003-CE, 23/2003-CE & 24/2003-CE all dated 31.03.2003 -reg.



Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001