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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 AccessMNI BRIEF: Aussie Trimmed Mean Rises In Oct
Flat Start, CPI Falls In August
The Rupee has opened dealing little changed, USD/INR sits at 82.92/93 little changed from yesterdays closing levels.
- Yesterday USD/INR continued to see-saw in a narrow range between the 83 handle and the 20-Day EMA (82.85) as recent ranges persist.
- Technically the pair remains in an uptrend, bulls target the high from 20 October 2022 (83.2975). Bears immediate focus is on a break of the 20-Day EMA.
- In August CPI fell to 6.83% Y/Y from 7.44% prior as govt measures to ensure adequate food supplies kick in. CPI does remain above the RBI's target band.
- Industrial Production from July also crossed yesterday, a rise of 5.7% Y/Y was observed.
- On the wires sometime between today and Friday is August Trade Balance, a deficit of $21bn is expected.
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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.