Reserve Bank of India (RBI) intervention has helped curb further volatility in the rupee, traders said. On Tuesday, the rupee strengthened by 12 paise to close at 85.71/$1.
US job openings rose for the second straight month in November to 8,098,000, defying expectations for a decline to 7,740,000 from October’s 7,839,000. Following the strong data, the yield on the 10-year US Treasury bill rose to 4.7%.
The yield peak was last seen in April 2024 at 4.704%
“The RBI was present when the rupee touched the 85.86 level as there was continued dollar buying from Indian equities along with FPIs,” said Anil Bhansali, head of treasury at Finrex Treasury Advisors. “Markets are now pricing in a softer pace of US rate cuts due to strong data.”
-
Stock trading
A Masterclass on Value Investing and Company Valuation
-
Stock trading
Market 104: Options Trading: Kickstart Your F&O Adventure
-
Stock trading
Technical Analysis For Everyone – Technical Analysis Course
-
Stock trading
Stock markets made easy
-
Stock trading
Renko chart patterns made easy
-
Stock trading
Market 101: Insights into Trendlines and Momentum
-
Stock trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
-
Stock trading
Dow theory simplified
-
Stock trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
-
Stock trading
ROC Made Easy: A Master Course for the ROC Stock Indicator
-
Stock trading
Hackin Ashi Trading Tricks: Master the Art of Trading
-
Stock trading
RSI Made Easy: RSI Trading Course
-
Stock trading
Introduction to Technical Analysis and Candlestick Theory
Foreign portfolio investors on Wednesday invested Rs. 3,362.18 crore in sales, BSE data showed.
While the US Fed projected a 50 basis point rate cut in 2025, investors are currently pricing in a 38 basis point cut by the Fed, according to CMEs FedWatch tool.
Markets now await non-farm payrolls data due on Friday to gauge interest rate cuts in the US.
(You can now subscribe to our ETMarkets WhatsApp channel)
