Icici Direct currency report about usinr

The US dollar rose 0.06% yesterday amid a surge in the results of the US Treasury and a decline in US stocks. Furthermore, the President of the Minneapolis Federal Reserve Bank Kashkari said he expected the central bank to need to raise interest rates twice this year to overcome high inflation. However, the sharp ups are limited to disappointing economic data from the US • The future rupee is due on January 27, it is depreciated by 0.33% in a strong dollar, disappointing economic data from the country and a surge in crude oil prices. However, further falls prevented the increase in appetite in the domestic market and FII’s inflows • Rupees are expected to depreciate on a strong dollar, expectations of disappointing economic data from the country and a surge in crude oil prices. Furthermore, investors are worried that monetary tightening in major countries to overcome very high inflation can encourage foreign investors to pump liquidity from developing country markets.

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