The USD/INR 1-year implied yield is forecast to rise to 3 levels within fiscal 2024 from around 2.40 currently, according to market. interest rates are expected to ease later this year, bankers and analysts said. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Friday as they purchased shares worth Rs 357.86 crore, according to exchange data. MUMBAI, March 29 (Reuters) - Indian foreign exchange traders are betting on a rise in dollar/rupee forward premiums as U.S. The 30-share BSE Sensex ended 114.92 points or 0.19 per cent higher at 59,106.44 points while the broader NSE Nifty advanced 38.30 points or 0.22 per cent to 17,398.05 points. You won’t receive this rate when sending money. RBI's rate-setting panel on Monday started its three-day meeting amid expectations that the central bank may go for a 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. 1.00 US Dollar 319.63 737 Sri Lankan Rupees 1 LKR 0.00312855 USD We use the mid-market rate for our Converter. Investors are likely to remain cautious ahead of RBI's monetary policy decision and US jobs market report later this week. This may impact global economic recovery," Choudhary said. "We expect Indian rupee to trade with a negative bias on a strong dollar and surge in crude oil prices. The S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 55.3 in February to 56.4 in March, signalling the strongest improvement in operating conditions in 2023 so far. However, upbeat macroeconomic data cushioned the downside," Choudhary said. "Core PCE (Personal Consumption Expenditures) inflation showed cooling inflation in the US, raising expectations that the US Federal Reserve may be at the end of its rate hike cycle. Meanwhile, the decision of OPEC+ to cut crude oil production led to a sharp rise in global crude oil prices, renewing inflation concerns. According to Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, the rupee depreciated on the back of a strong dollar and weak domestic market. Convenient locations Send money for cash pickup at a Western Union agent location near your receiver. Track your transfer Easily track your transfer online and with our app using the MTCN. Pay the way you like Pay online using your bank account, credit/debit card 2 or cash in-store. ![]() Promotional FX rate applies to first 2999.00 sent. New customers get 82.07 INR to 1 USD on their first money transfer. The 30-share BSE Sensex ended 114.92 points or 0.19 per cent higher at 59,106.44 points while the broader NSE Nifty advanced 38.30 points or 0.22 per cent to 17,398.05 points.įoreign Institutional Investors (FIIs) were net buyers in the capital market on Friday as they purchased shares worth Rs 357.86 crore, according to exchange data.Global oil benchmark Brent crude futures advanced 5.28 per cent to $84.11 per barrel. It’s easy to sign up and start sending money reliably. Remitly offers dependable rates for USD to INR with no hidden fees. RBI's rate-setting panel on Monday started its three-day meeting amid expectations that the central bank may go for a 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. Investors are likely to remain cautious ahead of RBI's monetary policy decision and US jobs market report later this week. The Pakistani rupee sank to Rs 287. 82.3140 +0.12 Currency Converter Pair Sum 8,231.40 USD to INR forecast for tomorrow, this week and month. Recipient gets (Total after fees) Transfer fee. The change for today +0.0980 Rupees, +0.12. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. However, upbeat macroeconomic data cushioned the downside," Choudhary said. Current USD to INR exchange rate equals 82.3140 Rupees per 1 Dollar. ![]()
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