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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFirmer In Early Trade, RBI's Das Says Core Inflation Still Elevated
The Rupee has opened dealing on the front foot as local participants digest yesterday's US PMI print which was softer than forecast.
- USD/INR prints at 82.45/46, the pair is ~0.3% lower today.
- Technically bears look to be turning the tide as USD/INR has broken below the 20-Day EMA (82.6766) this morning, from here they target the 200-Day EMA (81.8208). Bulls target the high from 20 October 2022 (83.2975).
- Reserve Bank of India's Das said on Wednesday that core inflation was still elevated although he expects food prices to start cooling from September, more here.
- A reminder that the docket is empty for the remainder of the week.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.