Indian Rupee slipped in early moves as weakness in the local equities weighed on the sentiments. The INR currently trades at 83.33 per US dollar, down 5 paise on the day. US dollar index is holding around two week low of 105.50 with the market completely focused on a key inflation reading due to come out today in evening. Meanwhile, the headline equity benchmarks traded with limited losses in mid-morning trade on weak overnight cues from the US equities. The Nifty traded below the 22,550 mark after hitting the day`s high of 22,620.40 in early trade. At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 145.20 points or 0.20% to 74,192.33. The Nifty 50 index lost 35.30 points or 0.16% to 22,535.05. Powered by Capital Market - Live News

The dollar index stabilized around 105.6 on Friday, with investors adopting a cautious stance ahead of a crucial US inflation report for March. This release is expected to offer insights into the Federal Reserve`s future monetary policy direction.On Thursday, the index dipped to nearly two-week lows following data indicating that the US economy expanded by an annualized 1.6% in the first quarter of 2024, marking its slowest growth in approximately two years. Despite this, underlying inflation showed signs of picking up during the same period. Additionally, the latest jobless claims data continued to signal a tight labor market, adding complexity to the outlook for potential Fed rate adjustments this year.The dollar remained under pressure against most major currencies, although it continued to hover near 34-year highs against the yen. The Bank of Japan`s impending monetary policy decision added to the market`s cautious tone, with investors closely monitoring any developments that could impact currency movements.Powered by Capital Market - Live News

The British pound continued to edge higher from a 5-month low against the dollar amid supportive UK equity markets and slackness in US dollar index. The GBPUSD is quoting at $1.2505, up 0.40% on the day and hitting around two week top. UK stocks hit record high on Thursday, on track for its third record closing high of the week. Meanwhile, the US dollar index maintained a subdued stance around 105.50 � testing near one week low.Investors are carefully positioning themselves, recognizing the potential influence of upcoming data on the Federal Reserve`s monetary policy trajectory. Powered by Capital Market - Live News

Rupee closed lower at 83.3275 per Dollar on Thursday (25 April 2024), versus its previous close of 83.3250 per Dollar.Powered by Capital Market - Live News

The Indian rupee eased a bit today but stayed in an overall choppy range. Local stocks are witnessing mixed movement amid lack of major economic cues. The INR trades at 83.36 per US dollar, down 3 paise on the day. The US dollar index is weak after falling under 106 mark and quotes around one week low of 106.50. INR could face pressure in intraday moves as the WTI Crude oil futures are staying supported after testing four week lows. WTI Crude currently quotes at 83.07 per barrel mark. Movement in local equities will also be likely volatile as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire today, 25 April 2024.Powered by Capital Market - Live News