The rupee remained confined to a narrow and tight range between 82.00 and 82.08. It appeared that the rupee had already factored in the impact of recent dollar volatility following the Federal Reserve's policy decisions. The capital market also traded within a limited range, providing minimal signals or triggers for the rupee. Market participants are eagerly awaiting key data releases such as Consumer Price Index (CPI) and Non-Farm Payrolls (NFP) data in the upcoming weeks, as these indicators are closely monitored by global central banks. Until there is further clarity on the data-specific approach, the rupee is expected to continue trading within the range of 81.75 to 82.25.
The rupee remained confined to a narrow and tight range between 82.00 and 82.08. It appeared that the rupee had already factored in the impact of recent dollar volatility following the Federal Reserve's policy decisions. The capital market also traded within a limited range, providing minimal signals or triggers for the rupee. Market participants are eagerly awaiting key data releases such as Consumer Price Index (CPI) and Non-Farm Payrolls (NFP) data in the upcoming weeks, as these indicators are closely monitored by global central banks. Until there is further clarity on the data-specific approach, the rupee is expected to continue trading within the range of 81.75 to 82.25.