November 29, 2023 / 12:33 PM IST
Lighthouse Canton’s AIF closes fund with corpus of Rs 350 crore
ICICI Direct’s currency report on USDINR
Rupee appreciated yesterday amid weakness in dollar . Further, FII inflows and rise in risk appetite in the domestic markets supported rupee. Meanwhile, sharp gains was limited due to month end dollar demand from importers Rupee is likely to appreciate further today amid weak dollar, optimistic domestic market sentiments and drop in US treasury yields . Dollar is showing weakness and has sank to its lowest in more than 3-months on anticipation that US Federal Reserve could start cutting rates by the first half of next year . Additionally, dovish statements from Fed officials and mixed batch of economic data from US will weigh on dollar . USDINR Dec may slip to 83 .22 level as long as its stays below 83 .50 levels.
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