- Indian rupee exceeds the US dollar, while investors expect the result of commercial conversations between the US and China.
- This week, investors will pay close attention to the US IPC data for May.
- The RBI will stop its auctions of VRR, which began earlier this year, as of June 11.
Indian rupee surpasses its peers during Asian negotiation hours on Tuesday. The Indian currency gains ground while investors expect the publication of consumer price index (CPI) data for May, scheduled for Thursday. According to the CPI, it is estimated that inflation in the US has increased 3% year -on -year, slower than the growth of 3.16% observed in April.
Soft inflation data would increase market expectations that the Indian Reserve Bank (RBI) could reduce the resting rate again in the next monetary policy announcement. At Friday’s policy meeting, the RBI changed its posture of “accommodation” to “neutral”, but noted that there is little room for more interest cuts cuts.
The RBI announced a Pro-Recipient monetary policy last week in which it advanced trimming of interest rates. The Indian Central Bank cut the rest rate at 50 basic points (PBS) at 5.5% and reduced its cash reserve ratio (CRR) in 100 basic points (PBS) at 3%.
Meanwhile, the RBI has announced that it will conclude its daily retakes at variable rate (VRR) from Wednesday. The Central Bank began VRR auctions on January 16 to satisfy the need for liquidity for the productive sector, given the adjusted market conditions.
Indian Rupia Price today
The lower table shows the percentage of change of the Indian rupee (INR) compared to the main coins today. Indian Rupia was the strongest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | INR | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.11% | 0.07% | -0.06% | 0.08% | 0.16% | 0.04% | -0.03% | |
| EUR | -0.11% | -0.03% | -0.20% | -0.00% | 0.07% | -0.06% | -0.22% | |
| GBP | -0.07% | 0.03% | -0.22% | 0.03% | 0.10% | -0.03% | -0.12% | |
| JPY | 0.06% | 0.20% | 0.22% | 0.18% | 0.20% | 0.04% | -0.06% | |
| CAD | -0.08% | 0.00% | -0.03% | -0.18% | 0.05% | -0.06% | -0.24% | |
| Aud | -0.16% | -0.07% | -0.10% | -0.20% | -0.05% | -0.10% | -0.28% | |
| NZD | -0.04% | 0.06% | 0.03% | -0.04% | 0.06% | 0.10% | -0.23% | |
| INR | 0.03% | 0.22% | 0.12% | 0.06% | 0.24% | 0.28% | 0.23% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Indian rupee of the left column and move along the horizontal line to the US dollar, the percentage change shown in the table will represent the INR (base)/USD (quotation).
Indian rupee advances against the US dollar for the fourth day of consecutive negotiation
- The Indian rupe extends its winning streak against the US dollar (USD) for the fourth day of negotiation on Tuesday. The USD/INR pair to about 85.55 after opening, even when the US dollar rises during Asian negotiation hours. Even so, the Dollar index (DXY) is in a narrow range between 98.80-99.30 while investors hesitate to build new positions before the publication of the minutes of the meeting between the US and China.
- Commercial discussions between the main negotiators of Washington and Beijing have spread to a second day in London, while the White House has indicated that the meeting will end positively.
- The Economic Advisor of the White House, Kevin Hassett, expressed confidence in an interview with CNBC on Monday that “Export controls will be reduced and rare earth will be released” after the meeting.
- In the Economic Front, investors expect with interest in the US Consumer Price Index (CPI) for May, which will be published on Tuesday. Investors will pay close attention to the US inflation data as they will influence market expectations on the monetary policy of the Federal Reserve (FED).
- According to the estimates, the general and underlying CPI of the US increased at a faster rate of 2.5% and 2.9% year -on -year, respectively, a scenario that will discourage federal reserve officials (FED) to reduce interest rates.
- This week, the University of Michigan (UOM) will publish preliminary data on the expectations of consumer inflation one year and five years for June, which has been a key factor behind the increase in the confidence of the participants of the financial market that the Fed will not cut the interest rates in the short term.
- Investors have cited the new economic policies of US President Trump as inflationary for the economy, which has also restricted Fed officials to be expressive about the monetary expansion approach.
Technical analysis: Indian rupee maintains the 20 -day EMA key
The USD/INR pair to about 85.55 during the Asian negotiation session. The torque ranges around the exponential (EMA) mobile average of 20 days, indicating that the short -term trend is uncertain.
The 14-day relative force (RSI) index remains within the range of 40.00-60.00, indicating a lateral trend.
Looking down, the minimum of June 3, 85.30 is a key support level for the torque. A break down below could be exposed to the minimum of May 26, 84.78. On the positive side, the Tar could visit a maximum of more than 11 weeks around 86.70 after breaking above the maximum of May 22, 86.10.
Economic indicator
Consumer Price Index (Annual)
Inflation or deflationary trends are measured by periodically adding the prices of a basket of representative goods and services and presenting the data such as the consumer price index (CPI). IPC data is collected monthly and are published by the Labor Statistics Office of the USA The interannual reading compares the prices of the goods in the month of reference with the same month of the previous year. The CPI is a key indicator to measure inflation and changes in consumption trends. In general terms, a high reading is considered bullish for the US dollar (USD), while a low reading is considered bassist.
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Next publication:
MIÉ JUN 11, 2025 12:30
Frequency:
Monthly
Dear:
2.5%
Previous:
23%
Fountain:
US Bureau of Labor Statistics
The US Federal Reserve (FED) has a double mandate to maintain price stability and maximum employment. According to this mandate, inflation should be around 2% year -on -year and has become the weakest pillar of the Central Bank directive since the world suffered a pandemic, which extends until these days. Price pressures continue to increase in the midst of problems in the supply chain and bottlenecks, with the consumer price index (IPC) at maximum levels of several decades. The Fed has already taken measures to tame inflation and it is expected to maintain an aggressive position in the predictable future
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
