USD/INR: RBI unlikely to cut rates ahead of the Fed, supporting the Rupee – Commerzbank
USD/INR continues to hold around the 83.00 level and within the 82.50-83.50 range of the past four months.
Source: fxstreet.com
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USD/INR continues to hold around the 83.00 level and within the 82.50-83.50 range of the past four months.
Today brings the key data of the week – the US Consumer Price Index (CPI) report.
Market participants on the Gold market today are likely to focus mainly on the publication of the US inflation data for January.
Consumer price inflation exceeded consensus expectations again in the US.
US inflation surprised to the upside in January. Economists at Commerzbank analyze the implications for a possible pivot to interest rate cuts by the Federal Reserve (Fed).